Whirlwind tour for markets as US GDP surprises
NAB Morning Call
00:00
The Fed's Soft Landing
PCE deflators and GDP price index moving downwards, not just looking at a little bit longer term there. 4.9% in Q1 down to 3.8%. So that's also lower than expected. It all adds to that soft landing, you know, impetus. Absolutely. You've got the good sector consumer prices from first quarter of last year to second quarter of this year moved from a 10.6% annualized rate down to 0.4. And even services from 5.6 down to3.8%, so it's all moving in the right direction.
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