WS #13067
US Q2 GDP grew 1.5% (miss), core PCE inflation at 3.7%, and 30-year mortgage rates rose to 6.66%, reinforcing stagflation fears and pressuring rate-sensitive sectors.
US GDP misses, inflation sticky, mortgage rates rise
US Q2 GDP grew 1.5% (miss), core PCE inflation at 3.7%, and 30-year mortgage rates rose to 6.66%, reinforcing stagflation fears and pressuring rate-sensitive sectors.