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Commenting on the latest GDP data published by the U.S. Bureau of Economic Analysis, which showed a 3.2% growth in the first quarter of 2019, Kevin Hassett, chair of the White House Council of Economic Advisers, said that the growth reading confirmed that momentum from last year was ‘not a sugar high.’

Key quotes  (via Bloomberg)

  • Economic growth ‘really, really strong’ in the first quarter.
  • Very optimistic about consumer spending for 2019 due to strong wage, income growth.