U.S. GDP Growth Slows Markedly, And Inflation Remains The Focus
Darren415 By James Knightley Higher inflation catches the markets’ eye, rather than weaker growth US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% expected. This suggests, assuming no revisions to monthly data, that the core…