May 26, 2011 8:31 PM GMT
People were looking for a 2.2% print, but instead Q1 GDP came in at 1.8%, exactly as the first measure.
What's worse, personal consumption fell to 2.2% from 2.7%, when it was expected to rise to 2.8%.
The dollar is moving noticeably lower on the news.
Just add it to the list of signs the economy is clearly slowing down.