Article title

[nitpicker]

Source: WSJ


U.S. GDP Expands at 0.2% Pace in First Quarter
By Jeffrey Sparshott and Kate Davidson
April 29, 2015 8:31 a.m. ET


WASHINGTON—The U.S. economy slowed sharply at the start of the year as businesses slashed investment, exports tumbled and consumers showed signs of caution, marking a return to the uneven growth that has been a hallmark of the nearly six-year economic expansion.

Gross domestic product, the broadest measure of goods and services produced across the economy, expanded at a 0.2% seasonally adjusted annual rate in the first quarter, the Commerce Department said Wednesday. The economy advanced at a 2.2% pace in the fourth quarter and 5% in the third.
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Last year, economists pinned much of the blame for a bad first quarter—GDP shrank 2.1%—on unusually harsh weather. This year, multiple factors appear to be at work, including another bout of blizzards, disruptions at West Coast ports, the stronger dollar’s effect on exports and the impact of cheaper oil.

(snip)
The latest reading on the economy arrives in the middle of a two-day Fed meeting where policy makers will weigh the latest data against plans to start raising short-term interest rates. No action is expected from the Fed on Wednesday, but investors will look for clues on the timing for the first rate increase since 2006 in a policy statement due out at 2 p.m. ET.


Read more: http://www.wsj.com/articles/u-s-gdp-expands-at-0-2-pace-in-first-quarter-1430310699

[mahatmakanejeeves]

1. I was looking at that very article as you posted.

It's U.S. GDP Expands at 0.2% Pace in First Quarter.

Off to the Bureau of Economic Analysis:

Gross Domestic Product: First Quarter 2015 (Advance Estimate)

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, WEDNESDAY, APRIL 29, 2015
BEA 15-18

Lisa Mataloni: [phone] (GDP) [e-mail]
Jeannine Aversa: [phone] (News Media)


National Income and Product Accounts
Gross Domestic Product: First Quarter 2015 (Advance Estimate)

Real gross domestic product -- the value of the production of goods and services in the United
States, adjusted for price changes -- increased at an annual rate of 0.2 percent in the first quarter of 2015,
according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter,
real GDP increased 2.2 percent.

The Bureau emphasized that the first-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see the box on page 3 and
"Comparisons of Revisions to GDP" on page 5). The "second" estimate for the first quarter, based on
more complete data, will be released on May 29, 2015.

The increase in real GDP in the first quarter primarily reflected positive contributions from
personal consumption expenditures (PCE) and private inventory investment that were partly offset by
negative contributions from exports, nonresidential fixed investment, and state and local government
spending. Imports, which are a subtraction in the calculation of GDP, increased.
....

This news release is available on BEA's Web site along with the Technical Note and Highlights related
to this release. For information on revisions, see "The Revisions to GDP, GDI, and Their Major Components"

The deceleration in real GDP growth in the first quarter reflected a deceleration in PCE,
downturns in exports, in nonresidential fixed investment, and in state and local government spending,
and a deceleration in residential fixed investment that were partly offset by a deceleration in imports and
upturns in private inventory investment and in federal government spending.

[onehandle]

2. I love the article title. We can make up our own.

'Donald Trump Admits To Being An Impotent, Non-Billionaire, Reality Show Star, Who Will Never Run For President And Has A Blonde Long-Haired Rat Living On His Head'

Sounds about right...

[uppityperson]

3. please edit the thread title to be the article title to comply with LBN posting rules. Thank you