So… GDP just came in negative -To The Moon - Tiger Brokers Online Investing Community - To The Moon

So…

GDP just came in negative for the first time in years

Jobs data came in +62K vs +115K expected, an ugly miss

What else did we need to go wrong today?

PCE Inflation data comes in at +1.8% vs +1.2% expected 💀

GDP down, Jobs down, Inflation….up

🤮🤮🤮🤮🤮

Fed Keeps Unchanged: Are 3 Rate Cut Estimates Too Optimistic?

After a two-day policy meeting, the Federal Reserve announced on Wednesday that it would keep the benchmark federal funds rate unchanged in the range of 4.25% to 4.5%. Is the market being too optimistic? As the broader market begins to pull back, what impact will this week’s FOMC meeting have?

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