WS #13062
Q2 GDP slowed to 1.5% (below 2.1% expected), core PCE at 3.28% YoY, personal savings rate fell to 2.7% - stagflationary signals that challenge the Fed's narrative.
Stagflationary macro data: GDP miss and sticky inflation
Q2 GDP slowed to 1.5% (below 2.1% expected), core PCE at 3.28% YoY, personal savings rate fell to 2.7% - stagflationary signals that challenge the Fed's narrative.