The first quarter GDP figure came in softer than expected, which investors believe signals that the Federal Reserve's rate hike cycle is impacting the economy. Ned Davis Research Chief US Strategist Ed Clissold joins Market Domination Overtime to discuss market outlooks in light of this data.
Our next guest thinks this points to an economy that is gradually feeling the effects of fed rate hikes for more.Q one GDP growth comes in slower than expected.Yeah, for example, if you look at at real final sales to domestic purchasers, which is a mouthful, but it really is a good trend for the consumer.There still is that mix from goods back to services which is going on, which affected some inventory.Uh you know, slower than it was for the second half of last year.
But really what this means is the market concerned about bond yields, bond yields can't go up too much.
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