US 1Q FINAL GDP -0.5% VS PRELIM GDP -0.2% 1Q FINAL PCE PRICE...

  1. 26,798 Posts.
    lightbulb Created with Sketch. 2391
    US 1Q FINAL GDP -0.5% VS PRELIM GDP -0.2%
    1Q FINAL PCE PRICE INDEX +3.7% VS PRELIM +3.6%
    1Q FINAL CORE PCE PRICE INDEX +3.5% VS PRELIM +3.4%
    1Q CONSUMER SPENDING +0.5% VS PRELIM +1.2%
    https://x.com/DeItaone/status/1938213704794820864

    ...all not good, market does not seem to care

    ...because Trump is looking to appoint a shadow Fed chief in waiting, probably as soon as US summer.

    ...and that hit the greenback badly, DXY down to 97.28 and AUD bouncing strongly to 65.40c
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.