Recent economic data from the U.S. indicates a potential shift towards stagflation, characterized by slowing GDP growth and rising inflation. The advanced Q1 GDP report showed the lowest figures in two years, while the Core PCE index exceeded expectations, suggesting increasing price pressures. This abysmal economic environment complicates the Federal Reserve's policy decisions, as it is caught between stimulating growth and controlling inflation, wedged deeper between choices. The U.S. Department of Commerce's latest macroeconomic data supports concerns of stagflation, which could be more detrimental than a recession. Markets are now pricing in one rate cut in 2024, a significant shift from earlier expectations.
QCP: Some worrying data out of the US this week.If GDP were to continue weakening and inflation remains sticky, the US might go into a stagflation scenario. Markets are now pricing in 1 cut in 2024. This is a stark difference to 7 priced at the start of the year, and 3 in March.…
American economy could be moving towards stagflation, the latest macroeconomic data released by the US Department of Commerce indicates MORE: https://t.co/esoodPeoHv https://t.co/unl81yCVf9
The US economy may be heading towards stagflation, which is worse than a recession - Business Insider https://t.co/B7oxCW1Z2M
The US Economy is on The Cusp of Stagflation - The advanced Q1 GDP at lowest print in 2 years - Core PCE came in way hotter than expected - Fed is wedged deeper between a rock and a hard place Abysmal economic data released on Thursday painted a not-so-rosy picture for the US… https://t.co/E2k1F6ql18 https://t.co/HWSIBszELQ
Headline: "The US economy is facing stagflation risk" https://t.co/1PsfBlBZKR