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

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