USA’s Q1 GDP growth was 1.6% annual base. Market expected 2.4% in Q1. At the same time, Personal Expenditure Index shows 3.7% up in Q1 compared to year ago. Market estimated around 3.4%…Meaning, still in the inflation modes but slower growth.
FED will have their FOMC meeting during Apr 30~May 1, they will leave the rate as it is this time. But what’d they do if the economic growth still…
