US GDP -2.9% vs -1.7% expected

• Prior -1.0%
• GDP sales -1.3% vs 0.0% exp. Prior 0.6%
• Consumer spending 1.0% vs 2.4% exp. Prior 3.1%
• GDP price index 1.3% vs 1.3% exp. Prior 1.35
• Core PCE prices 1.2% vs 1.2% exp. Prior 1.2%
• PCE prices 1.4% vs 1.4% exp. Prior 1.4%
• Q1 corporate profits –13.0% vs -13.7% prior