---
title: The CAVU Compass - A Divided Economy Distracts Policymakers
description: Economic activity has been confounding through the first half of 2024. Following a string of stronger employment gains and robust retail sales reports, economic growth turned out to be much weaker than expected, with the revised data now showing real GDP grew at just a 1.3% pace during the first quarter. Conditions were not nearly as weak as the headline data suggests, however, as private final domestic demand – the sum of consumer spending, business investment, and residential construction - rose at a 3.1% pace, which is roughly in line with the prior two quarters.
image: https://blog.cavusecurities.com/hubfs/2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_1.jpg
---

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# The CAVU Compass - A Divided Economy Distracts Policymakers

- June 11, 2024

![2024-06-10_CAVU Compass - Distracted Driving_Page_2](https://blog.cavusecurities.com/hs-fs/hubfs/2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_2.jpg?width=1870&height=2420&name=2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_2.jpg)

![2024-06-10_CAVU Compass - Distracted Driving_Page_3](https://blog.cavusecurities.com/hs-fs/hubfs/2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_3.jpg?width=1870&height=2420&name=2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_3.jpg)

![2024-06-10_CAVU Compass - Distracted Driving_Page_4](https://blog.cavusecurities.com/hs-fs/hubfs/2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_4.jpg?width=1870&height=2420&name=2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_4.jpg)

![2024-06-10_CAVU Compass - Distracted Driving_Page_5](https://blog.cavusecurities.com/hs-fs/hubfs/2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_5.jpg?width=1870&height=2420&name=2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_5.jpg)

![2024-06-10_CAVU Compass - Distracted Driving_Page_6](https://blog.cavusecurities.com/hs-fs/hubfs/2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_6.jpg?width=1870&height=2420&name=2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_6.jpg)

![2024-06-10_CAVU Compass - Distracted Driving_Page_7](https://blog.cavusecurities.com/hs-fs/hubfs/2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_7.jpg?width=1870&height=2420&name=2024-06-10_CAVU%20Compass%20-%20Distracted%20Driving_Page_7.jpg)

 

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