First quarter U.S. GDP growth turns negative on revision but markets shrug

To me the revisions were worse than the headline numbers indicate. Real final sales, which takes volatile changes in inventory levels out of the data, showed a 1.1% decline from the first quarter of 2014. That’s the worst drop in real final sales since the 3.3% decline in the first quarter of 2014 and just edged out the 1% decline in real final sales in the first quarter of 2014.

Next week looks like a turbulent one for oil prices

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