Reported 4 months ago
Stock futures are down as investors analyze the latest Gross Domestic Product (GDP) report, which fell below estimates. CFRA Research Chief Investment Strategist Sam Stovall highlights that the GDP print is overshadowed by the upcoming release of the Personal Consumption Expenditures (PCE) report, which will offer insight into inflation's impact on consumers. Stovall suggests that the Federal Reserve's interest rate decisions will be more influenced by the PCE data rather than the GDP figures, with potential rate cuts in September and December. The article emphasizes the importance of consumer spending on the economy and suggests that investors should monitor inflation and the Fed's actions closely.
Source: YAHOO