For those who do not understand what just happened: First, Q...
For those who do not understand what just happened:
First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.
This reading is roughly 50% BELOW Goldman Sach's expectations.
But it gets even worse.
At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.
This crushed estimates of 3.4% and further suggests that inflation is on the rise.
We have a weakening economy with rising inflation.
The worst possible outcome for the Fed.
First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.
This reading is roughly 50% BELOW Goldman Sach's expectations.
But it gets even worse.
At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.
This crushed estimates of 3.4% and further suggests that inflation is on the rise.
We have a weakening economy with rising inflation.
The worst possible outcome for the Fed.
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吸猫西施 : Wasn't it posted yesterday? Why are you only reacting today
71487020 : Excellent,
Expendabiggles : Yet SPY is STILL over 500. Insane is not a strong enough word for this. SPY index unbelievable to be up this high and market in this kind of spiral. I just don’t get it other than fraud and manipulation. SPY should be gone. Blown away..
Mr_filz Expendabiggles: Totally agree