GDP Numbers Are Out

We saw a 2.5% annualized growth rate for the 1^st quarter, which is kind of "meh", and below the 3% forecast, though the miss was largely driven by a fall in defense spending.

Consumer spending was reasonably robust.

Consumer sentiment fell, and inflation is still well below the Fed's 2% target rate, which is IMNSHO lowere than it should be in this situation anyway.