đš U.S. DATA JUST DROPPED đșđž
đ GDP (QoQ)
Prev: 4.4% â Forecast: 2.8% â Actual: 1.4%
Growth slowing harder than expected.
đ PCE Inflation
Prev: 2.8% â Forecast: 2.8% â Actual: 2.9%
Inflation ticking back up.
â ïž Takeaway:
Slowing growth + sticky inflation = worst mix for markets.
Rate cuts just got a lot more complicated.