in normal times would be a good setup for a Fed cut.
Durable goods missed. GDP up 0.7% vs. 1.4% expectations.
PCE price index y/y up 2.4% vs. 2.9% expectations.
Nevertheless, the dollar is moving higher again. Rates down a bip.
in normal times would be a good setup for a Fed cut.
Durable goods missed. GDP up 0.7% vs. 1.4% expectations.
PCE price index y/y up 2.4% vs. 2.9% expectations.
Nevertheless, the dollar is moving higher again. Rates down a bip.
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