Friday’s headline GDP number was surprisingly strong on Friday. As the President put it, 3.2% growth in Q1 was ‘smashing expectations’. But, on today’s podcast NAB’s Ray Attrill explains why the market response was short lived. And with inflation moving further away from the Fed’s target it should make for an interesting FOMC meeting this week. He also talks to Phil Dobbie about the direction of the Aussie and Kiwi dollars and what else to look out for this week.