US Q2 GDP holds at 1.5% annualized growth—no revision from initial print.
Softer macro = Fed's got room to pivot if shit hits the fan. Not screaming recession, but not exactly ripping either.
Watch how this plays into rate cut expectations. Weaker growth + sticky inflation = messy for risk-on assets short-term, but could set up a rally if Powell blinks.
Softer macro = Fed's got room to pivot if shit hits the fan. Not screaming recession, but not exactly ripping either.
Watch how this plays into rate cut expectations. Weaker growth + sticky inflation = messy for risk-on assets short-term, but could set up a rally if Powell blinks.