Quarterly U.S. GDP Growth
First quarter GDP growth was 2.63%, the lowest in four quarters; however, the expectations for the current quarter range from 3% to over 5% as the economy rebounds and reacts to the federal tax cuts, especially on business income.
Treasury Yield Curve
As the Federal Reserve has raised short-term interest rates, the yield curve has flattened. That is, long-term interest rates have remained virtually unchanged, while short-term rates have risen to almost 2% at 90 days out. This should persist so long as inflation remains muted.
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