April 27, 2023
US 100 Trades Lower After US GDP Miss
US, US GDP report for Q1.
- GDP growth (annualized). Actual: 1.1%. Expected: 2.0%. Previous: 2.6%
- PCE core. Actual: 4.9% QoQ. Expected: 4.7% QoQ. Previous: 4.4% QoQ
US, initial jobless claims. Actual: 230k. Expected: 249k. Previous: 245k
Lower growth – as suggested by GDPNow model, but higher price pressures. Weak mix from the perspective of future Fed decisions. US100 loses, dollar gains slightly.
Source: xStation 5