WS #16521
Holding: newest synthesis is 14d 1h old
US Q3 GDP grew at a 3.4% annualized rate, beating expectations, while Core PCE inflation ticked up to 3.1%. Combined with the ECB holding rates steady at 2.5%, these data points suggest the Fed is not done tightening, increasing the probability of a December rate hike. This environment pressures rate-sensitive growth stocks and REITs.
US Macro Data & Fed Hike Odds
US Q3 GDP grew at a 3.4% annualized rate, beating expectations, while Core PCE inflation ticked up to 3.1%. Combined with the ECB holding rates steady at 2.5%, these data points suggest the Fed is not done tightening, increasing the probability of a December rate hike. This environment pressures rate-sensitive growth stocks and REITs.