US Gross Domestic Product Q1, 2nd Reading:
- Actual: 1.3% q/q. Forecast: 1.3% q/q. Previous: 1.6% q/q
- GDP Price Deflator: 3.1% q/q. Forecast: 3.1% q/q . Previous: 1.7% q/q
- Core PCE: 3.6% q/q. Forecast: 3.7% q/q. Previous: 2.1% q/q
- Personal Consumption Q1: 2.0% (Forecast: 2.2%; Previous: 2.5%)
US Initial Jobless Claims:
Actual: 219k. Forecast: 218k. Previous: 215k
As a whole, the published data did not deviate excessively from forecasts, but one can nevertheless sense a slight turn toward more dovish readings. “Risk” slightly gains after the report.
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth
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