WS #13061
Q2 GDP slowed to 1.5% (est. 2.1%), core PCE at 3.3% YoY, personal savings rate fell to 2.7% (3-year low), while bond yields surge (30-year >5.2%) on Fed credibility concerns.
Stagflationary Macro Data - GDP Miss and Inflation Persistence
Q2 GDP slowed to 1.5% (est. 2.1%), core PCE at 3.3% YoY, personal savings rate fell to 2.7% (3-year low), while bond yields surge (30-year >5.2%) on Fed credibility concerns.