Oh boy! 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. Grab some sats and duck for cover!
Is there an estimation when japanese feel this?
I’d expect soon
Rising prices and relatively high interest rates on a record high total debt, but no bro consumer is strong no need to worry
Oh man, I love chart Porn
Ha ha. It is freaky Friday!
Its going to get rough before it smooths out.
The night is the darkest before the rise of the sun.
Well said. I know it’s an election year, but not sure how they smooth it out