53 days ago • Posted by Ajmir Omid
#Stocks slightly lower following US #GDP numbers #economy #trading
Stocks are seeing selling pressure after the release of the USD GDP report, which came in at 2.9% QoQ and stronger-than-expected, reflecting the strength behind the consumer appetite. But this also highlights the difficult decision the Fed will have to make to continue to keep rates higher for longer to cool down growth in order to avoid losing control over inflation.
