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%. The deflator, which is part of the GDP release and measures goods and services prices, is expected at +3.1% per the Briefing.com calendar.
Friday morning, we get Core PCE data for April ’24, and overall April PCE data is expected at +0.2%, while the April Core PCE data is expected at +0.3%.
On this Memorial Day, 2024, as an American citizen, we are blessed with a $27 trillion US economy, a $46 trillion stock market, and a $51 trillion US bond market. Today, we are living in the greatest wealth-creation machine in the history of civilization, and the Americans we memorialize today for their service and sacrifice, truly paid the ultimate price.
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