GDP growing much slower than expected. Personal Consumption rate higher than expected. You guys are drinking too much Crystal Pepsi & Dr. Pepper Coconut!
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The slower than projected economic growth came alongside a surprisingly high inflation reading. The "core" Personal Consumption Expenditures index, which excludes the volatile food and energy categories, grew by 3.7% in the first quarter, above estimates for 3.4%, and significantly higher than 2% gain seen in the prior quarter.
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