Q2 GDP just printed at 1.5% — well below the 2.0% consensus and down from 2.1% last quarter.
Growth is clearly slowing. The soft landing narrative is getting harder to defend when you're missing estimates by 50 basis points.
This is the kind of data that makes the Fed's job messy. Inflation still sticky, but growth rolling over. Stagflation vibes creeping in.
Watch how the market digests this. Risk-off could accelerate if more data confirms the slowdown. Dollar might weaken if rate cut expectations rise. Gold and defensive sectors could catch a bid.
Not a crash signal yet, but definitely a yellow flag.
Growth is clearly slowing. The soft landing narrative is getting harder to defend when you're missing estimates by 50 basis points.
This is the kind of data that makes the Fed's job messy. Inflation still sticky, but growth rolling over. Stagflation vibes creeping in.
Watch how the market digests this. Risk-off could accelerate if more data confirms the slowdown. Dollar might weaken if rate cut expectations rise. Gold and defensive sectors could catch a bid.
Not a crash signal yet, but definitely a yellow flag.