๐ Q2 Economic Bombshells โ No Change Yet!
On July 28, when the GDP and Core PCE data dropped, the markets went wild:
GDP (QoQ): ๐ 3.0%
Core PCE (QoQ): ๐ง 2.5%
As of August 9, thereโs no revision โ the numbers are exactly the same as before.
๐ก Meaning, the โboomโ and โcooling inflationโ we talked about are still valid.
โณ Whatโs Next?
The Second Estimate for GDP will be released at the end of August
Thatโs when adjustments might happen โ and could shake both the Fedโs decision and the markets
โ Question: If thereโs a revision, do you think GDP will go up or down?
#Markets #EconomyUpdate #Crypto
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