The Federal Reserve is scheduled to hold its latest interest rate meeting this week, but the US economic data released last week was poor. GDP growth slowed to 1.6% in the first quarter, and the core PCE annual rate remained unchanged at 2.8% in March. There is no sign of easing inflation. How do New York Stock Exchange traders view the above data and the outlook for the US stock market? Let’s see the report sent back from New York.
The Federal Reserve is scheduled to hold its latest interest rate meeting this week, but the US economic data released last week was poor. GDP growth slowed to 1.6% in the first quarter, and the core PCE annual rate remained unchanged at 2.8% in March. There is no sign of easing inflation. How do New York Stock Exchange traders view the above data and the outlook for the US stock market? Let’s see the report sent back from New York.