US prints core PCE as most exchanges remain closed for Good Friday | MarketTalk: Whatâs up today? | Swissquote
The US printed a better-than-expected growth of 3.4% and Federal Reserveâs (Fed) Waller said that the recent economic data deserves delaying rate cuts and reducing the number of them, and that he wants to see âat least a couple of months of better inflation dataâ before easing. But this is not what the majority of Fed members think. They think on the contrary that three rate cuts would be suitable for this year.
As such, yesterdayâs better-than-expected GDP pill went down the marketâs throat quite smoothly, as Wallerâs hawkish remarks were mostly washed away by the soft-landing bets and bets...