PCE, GDP on Tap This Week: Can the Economy Maintain Momentum?
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The Q2 '24 Atlanta Nowcast is projecting mid 3% GDP for the 2nd quarter, 2024. The scheduled GDP release this Thursday, May 30, '24, is the 2nd look at Q1 '24 GDP and the 2nd estimate is expecting 1.3% – 1.5%. Core PCE data for April '24 is expected at +0.3%. Inflation expectations are important, and the University of Michigan Data shows that both year-ahead and long-run inflation expectations have seen inflation expectations revised lower. The inflation data this week will impact Treasury yields, stock prices, and inflation metrics. Crude oil prices also impact Treasuries and stock prices. The US economy and stock market are performing well. The article concludes by stating that past performance is not a guarantee of future results and readers should adjust their portfolios accordingly.



https://www.investing.com/analysis/pce-gdp-on-tap-this-week-can-the-economy-maintain-momentum-200648761