The world's largest economy grew less than expected but rising inflation may delay a rate cut.
  • plinky [he/him]
    ·
    5 months ago

    just shovel another 300 billions to t-bills holders, they will surely reinvest them in productive capacity

  • ☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
    ·
    5 months ago

    So, in Q1 2024, GDP growth in the United States slowed to just 1.6%, which is less than half of the previous quarter's (Q4 2023) 3.4% number. This reading is approximately 50% below Goldman Sachs' expectations. At the same time, the US Core PCE Price Index rose from 2.0% to 3.7%, which suggests that inflation is still on the rise and above estimates of 3.4%. The United States is now entering stagflation territory - the worst possible outcome for the Federal Reserve.

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  • DefinitelyNotAPhone [he/him]
    ·
    5 months ago

    A bunch of capitalists in the 70s kicked the can of stagflation down the road by ripping the copper wires out of the walls via neoliberalism, and here we are now with the can landing on our heads.

  • Evilphd666 [he/him, comrade/them]
    ·
    5 months ago

    Maybe we should throw another $200B at blowing shit up. Maybe sanction 5 more resource heavy nations. That should fix inflation for sure!