ACTV - GDP And PCE Data This Week: Don't Forget About Inflation Expectations
2024-05-27 14:05:00 ET
Summary
- The Q2 ’24 Atlanta GDP Nowcast is projecting mid 3% GDP for the 2nd quarter, 2024.
- Friday morning, we get Core PCE data for April ’24, and overall April PCE data is expected at +0.2%, while the April Core PCE data is expected at +0.3%.
- Lower-than-expected inflation data this week would be negated if crude oil spiked over $90, as Treasury yields would rise and the S&P 500 would likely correct or stagnate.
The Q2 ’24 Atlanta GDP Nowcast is projecting mid 3% GDP for the 2nd quarter, 2024....
GDP And PCE Data This Week: Don't Forget About Inflation Expectations