Good News for Biden on Growth, Bad News on Inflation Fight

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economics enterprise reporter Rich Miller looks ahead to two key pieces of data coming this week that will have a big impact on the presidential campaign. Sign up here and follow us at @bpolitics. Email our editors here.

Tomorrow’s release of first quarter gross domestic product data should be welcome news for President Joe Biden. Growth is projected by economists to have clocked in at annualized 2.5%, a solid performance driven by consumer spending on services and a revival of the housing market.