WS #13050
US Q2 GDP grew only 1.5% vs 2.1% expected, while core PCE inflation held at 3.3%, creating a stagflationary backdrop that complicates Fed policy. Meta Platforms (META) premarket -10% after Q2 miss and weak guidance, dragging tech sentiment ahead of AAPL/AMZN earnings.
US Q2 GDP miss and sticky inflation
US Q2 GDP grew only 1.5% vs 2.1% expected, while core PCE inflation held at 3.3%, creating a stagflationary backdrop that complicates Fed policy.
Meta Platforms (META) premarket -10% after Q2 miss and weak guidance, dragging tech sentiment ahead of AAPL/AMZN earnings.