Gross Domestic Income (GDI) vs Gross Domestic Product (GDP).
The GDI appears to be slowing as compared to the GDP.Β
What is it signaling to you?
Keep watching the indicators as the FED may need to pivot to get there “soft landing”.
Gross domestic income is an alternative way of measuring the nation’s economy, by counting the incomes earned and costs incurred in production. In theory, GDI should equal gross domestic product, but the different source data yield different results. The difference between the two measures is known as the “statistical discrepancy.” BEA considers GDP more reliable because it’s based on timelier, more expansive data.
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