Category Archives: Inflation/Deflation

On Friday 4/30 the Commerce Dept. (more specifically, the Bureau of Economic Analysis, or BEA) released its first estimates of economic activity for the first quarter. The headline number was that GDP grew in the first quarter at an annual rate of 3.2%. OK...that's a number, but what does it mean? First, you need to ask whether that is a figure that adjusts for inflation or not. News accounts didn't make the ...

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