Reported 4 months ago
The first quarter GDP figure rose 3.0% compared to the expected 3.1%, hinting at the economy cooling but remaining healthy. Wolfe Research Chief Economist Stephanie Roth suggests that the GDP figure shows the impact of rates on the economy, allowing the Fed to ease financial conditions by the end of the year. Roth mentions the Fed will need to see consecutive inflation prints for a rate cut, with the possibility of a cut by September if core PCE trends near 0.2%, which might be hard after the upcoming release.
Source: YAHOO