Inestng.com: U.S. gross domestic product increased at a 2.3 percent annualized pace in the first quarter, slower than the prior quarter but stronger than the expected 2-percent growth.
Accompanying the growth in the first quarter, which tends to be sluggish because of a seasonal quirk, was data that showed wages increasing at their quickest pace in 11 years.
U. Michigan sentiment:
“The final April figure was nearly identical to its 2018 average (98.9) -which was higher than any other yearly average since 107.6 was recorded in 2000 (which was, in turn, the highest yearly average in more than a half century),” Curtin said.
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