US GDP Price Index Highest Since 1981 As Q2 GDP Revised To 6.7% (Thanks For The Stimulus!)

Thanks for the stimulus! Or thanks for the Covid virus that enabled The Fed and DC to go crazy with low rates and spending.

While US GDP printed at a revised 6.7% QoQ (annualized), it is the GDP PRICE Index that bears looking at. It rose 6.1%, the fastest rate since 1981.

At least GDP was revised upwards to 6.7% QoQ, thanks to unpredented monetary and fiscal stimulus.