GDP grew by 1.4%, well below the expected 3.0%, indicating a sharper slowdown than the market had anticipated. December's PCE inflation rose to 2.9% (vs. 2.8% expected), while Core PCE climbed to 3.0%, its highest level since November 2023. Deceleration + rising inflation.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
We have poor macroeconomic data:
GDP grew by 1.4%, well below the expected 3.0%, indicating a sharper slowdown than the market had anticipated.
December's PCE inflation rose to 2.9% (vs. 2.8% expected), while Core PCE climbed to 3.0%, its highest level since November 2023.
Deceleration + rising inflation.