1Q Earnings Above Expectations, But GDP Was Weak

1Q earnings EPS and revenue growth are both still well above expectations, notes Randy Frederick. He and Cooper Howard give a recap of the market. They discuss what today's economic data is telling us about the economy. They preview expectations for next week's Fed meeting. Cooper mentions that the GDP was weaker than expected and the core PCE deflator was elevated, suggesting inflation is going to take time to come down to the Fed's 2% target. They question if we will see a Fed pause or another rate hike. They then go over expectations for tomorrow's personal income and outlays data. Tune in to find out more about the stock market today.