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04302021 :: Friday finance

A partial digest

A partial digest:

Thursday was day 100 of the Biden-Harris administration. Meanwhile, another stimulus package is being floated.

US GDP grew at an annualized rate of 6.4%. PCE was high at 10.7%, while the PCE price index came in at 3.5%. One should remember that these figures were facilitated by stimulus checks, and those are fleeting. In quarters where little to no fiscal aid was provided to the general population in 2020 or prior years, PCE was predictably much lower.

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