https://gcc.gnu.org/bugzilla/show_bug.cgi?id=114050

--- Comment #17 from Vincent Lefèvre <vincent-gcc at vinc17 dot net> ---
(In reply to Jonathan Wakely from comment #13)
> -fexcess-precision does affect constants.

Indeed, and this is a bug, as -fexcess-precision=fast was not meant to make
general programs less accurate (but to possibly keep more precision internally,
avoiding costly conversions, even in cases where this is forbidden). See bug
114746.

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