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JP Morgan economists lower their Q1 GDP.....>

US TSYS
US TSYS: JP Morgan economists lower their Q1 GDP estimate to 2.0% after this
morning's weak retail sales and ineffectual revisions. That said, after last
week Fri's blow-out Feb payrolls gain of 313k, JP Morgan sounded relatively
upbeat: "we find it hard to get too worried about the underlying growth momentum
in the economy. Indeed, our past research has indicated payrolls may be a better
indicator than first prints of GDP of where the economy is heading in the
subsequent quarter."

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