CoreLogic US Home Price Report Shows Prices Up 7 Percent in February 2017
April's job gains were strong enough to keep a rate increase on the table for September but weak enough that a June increase looks highly unlikely.
Seasonal factors and weather have confounded economists who favor the quarter-over-quarter growth methodology.
The first-quarter GDP contraction is not indicative of the economy's underlying strength and should snap back to growth mode in the second quarter.
Next week's data will provide some important clues.
But the economy is not all roses, either.
A slowing auto-sales growth rate is why I am less bullish than most observers about overall GDP growth in 2014.
When examined more carefully, the economy seems to be picking up a little bit of steam.
Sluggish consumption growth and falling net exports could be big headwinds on GDP this quarter.
In years past, job growth has looked remarkably strong in late winter and early spring, only to fall apart over the summer months.