US Advance GDP (QoQ, annualized) Actual: 1.4% Forecast: 2.8% Previous: 4.4% US PCE (MoM): Actual: 0.4% Forecast: 0.3% Previous: 0.2% US PCE (YoY): Actual: 2.9% Forecast: 2.8% Previous: 2.8% Growth slowing sharply. Inflation ticking higher. That’s stagflation-lite. Bad
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US Advance GDP (QoQ, annualized) Actual: 1.4% Forecast: 2.8% Previous: 4.4% US PCE (MoM): Actual: 0.4% Forecast: 0.3% Previous: 0.2% US PCE (YoY): Actual: 2.9% Forecast: 2.8% Previous: 2.8% Growth slowing sharply. Inflation ticking higher. That’s stagflation-lite. Bad