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Breadcrumb Trail Links<\/p>\n
Stocks hit across the board<\/p>\n
Author of the article:<\/p>\n
<\/p>\n
Bloomberg News<\/p>\n
Rita Nazareth<\/p>\n<\/div>\n<\/div>\n
Published Apr 25, 2024<\/span> \u00a0\u2022\u00a0 Last updated 3\u00a0days ago<\/span> \u00a0\u2022\u00a0 2 minute read<\/span><\/p>\n\n\n<\/button><\/p>\n\n\n\n\nYou can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/source><\/source><\/source><\/source><\/source><\/picture>Articulated robots move inside the Hanwha Qcells Solar plant, Oct. 16, 2023, in Dalton, Ga. On Thursday, April 25, 2024, the U.S. government issued the first of three estimates of economic growth in the first quarter.<\/span> Photo by Mike Stewart<\/span> \/THE ASSOCIATED PRESS<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\nWall Street was rattled by economic figures that showed exactly what stock traders did not want to hear: a significant slowdown in the world\u2019s largest economy and persistent inflation pressures.<\/p>\nStocks got hit across the board, with the S&P 500 extending its April plunge as the data fuelled \u201cstagflation\u201d jitters \u2014 bringing even more uncertainty to the the path of United States Federal Reserve policy. And swap traders reacted accordingly \u2014 pushing back the timing of the first rate cut to December. Treasuries sold off, with two-year yields spiking to five per cent.<\/p>\n<\/section>\n\n\nAdvertisement 2<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<\/p>\n\nTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nSUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nREGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account.<\/li>\nShare your thoughts and join the conversation in the comments.<\/li>\nEnjoy additional articles per month.<\/li>\nGet email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n\n\n\n\n\nSign In or Create an Account<\/h2>\nor<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\nThe latest economic data interrupted a run of strong demand and muted price pressures that had fuelled optimism for a \u201csoft landing.\u201d Gross domestic product increased at a 1.6 per cent annualized rate, trailing forecasts. A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7 per cent clip.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n\u201cThis report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,\u201d said Chris Zaccarelli at Independent Advisor Alliance. \u201cThe Fed wants to see inflation start coming down in a persistent manner, but the market wants to see economic growth and corporate profits increasing.\u201d<\/p>\nIf neither are headed in the right direction, he said, then that\u2019s going to be \u201cbad news\u201d for markets.<\/p>\nThe S&P 500 slid 1.3 per cent, while losses in the Nasdaq 100 approached two per cent. Meta Platforms Inc. tumbled 15 per cent on plans to spend billions of dollars more than it previously anticipated amid its artificial-intelligence push. Treasury 10-year yields climbed nine basis points to 4.73 per cent. The dollar advanced.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cStagflation chatter will surely pick up in the wake of these figures, but we\u2019re less concerned with such an outcome as long as the labour market remains so strong,\u201d said Ian Lyngen at BMO Capital Markets.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nTo Jeff Roach at LPL Financial, the economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge.<\/p>\n\u201cSavings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\u2019s two per cent target still looks a long ways off,\u201d he noted.<\/p>\nIn the short term, the numbers don\u2019t appear to be a green light for either stock bulls or bears, said Chris Larkin at E*Trade from Morgan Stanley.<\/p>\n\u201cThe uncertainty is unlikely to ease pressures in a market experiencing its deepest pullback since last year,\u201d he noted.<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n
<\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/source><\/source><\/source><\/source><\/source><\/picture>Articulated robots move inside the Hanwha Qcells Solar plant, Oct. 16, 2023, in Dalton, Ga. On Thursday, April 25, 2024, the U.S. government issued the first of three estimates of economic growth in the first quarter.<\/span> Photo by Mike Stewart<\/span> \/THE ASSOCIATED PRESS<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\nWall Street was rattled by economic figures that showed exactly what stock traders did not want to hear: a significant slowdown in the world\u2019s largest economy and persistent inflation pressures.<\/p>\nStocks got hit across the board, with the S&P 500 extending its April plunge as the data fuelled \u201cstagflation\u201d jitters \u2014 bringing even more uncertainty to the the path of United States Federal Reserve policy. And swap traders reacted accordingly \u2014 pushing back the timing of the first rate cut to December. Treasuries sold off, with two-year yields spiking to five per cent.<\/p>\n<\/section>\n\n\nAdvertisement 2<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<\/p>\n\nTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nSUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nREGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account.<\/li>\nShare your thoughts and join the conversation in the comments.<\/li>\nEnjoy additional articles per month.<\/li>\nGet email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n\n\n\n\n\nSign In or Create an Account<\/h2>\nor<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\nThe latest economic data interrupted a run of strong demand and muted price pressures that had fuelled optimism for a \u201csoft landing.\u201d Gross domestic product increased at a 1.6 per cent annualized rate, trailing forecasts. A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7 per cent clip.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n\u201cThis report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,\u201d said Chris Zaccarelli at Independent Advisor Alliance. \u201cThe Fed wants to see inflation start coming down in a persistent manner, but the market wants to see economic growth and corporate profits increasing.\u201d<\/p>\nIf neither are headed in the right direction, he said, then that\u2019s going to be \u201cbad news\u201d for markets.<\/p>\nThe S&P 500 slid 1.3 per cent, while losses in the Nasdaq 100 approached two per cent. Meta Platforms Inc. tumbled 15 per cent on plans to spend billions of dollars more than it previously anticipated amid its artificial-intelligence push. Treasury 10-year yields climbed nine basis points to 4.73 per cent. The dollar advanced.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cStagflation chatter will surely pick up in the wake of these figures, but we\u2019re less concerned with such an outcome as long as the labour market remains so strong,\u201d said Ian Lyngen at BMO Capital Markets.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nTo Jeff Roach at LPL Financial, the economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge.<\/p>\n\u201cSavings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\u2019s two per cent target still looks a long ways off,\u201d he noted.<\/p>\nIn the short term, the numbers don\u2019t appear to be a green light for either stock bulls or bears, said Chris Larkin at E*Trade from Morgan Stanley.<\/p>\n\u201cThe uncertainty is unlikely to ease pressures in a market experiencing its deepest pullback since last year,\u201d he noted.<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Wall Street was rattled by economic figures that showed exactly what stock traders did not want to hear: a significant slowdown in the world\u2019s largest economy and persistent inflation pressures.<\/p>\n
Stocks got hit across the board, with the S&P 500 extending its April plunge as the data fuelled \u201cstagflation\u201d jitters \u2014 bringing even more uncertainty to the the path of United States Federal Reserve policy. And swap traders reacted accordingly \u2014 pushing back the timing of the first rate cut to December. Treasuries sold off, with two-year yields spiking to five per cent.<\/p>\n<\/section>\n
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or<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\nThe latest economic data interrupted a run of strong demand and muted price pressures that had fuelled optimism for a \u201csoft landing.\u201d Gross domestic product increased at a 1.6 per cent annualized rate, trailing forecasts. A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7 per cent clip.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n\u201cThis report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,\u201d said Chris Zaccarelli at Independent Advisor Alliance. \u201cThe Fed wants to see inflation start coming down in a persistent manner, but the market wants to see economic growth and corporate profits increasing.\u201d<\/p>\nIf neither are headed in the right direction, he said, then that\u2019s going to be \u201cbad news\u201d for markets.<\/p>\nThe S&P 500 slid 1.3 per cent, while losses in the Nasdaq 100 approached two per cent. Meta Platforms Inc. tumbled 15 per cent on plans to spend billions of dollars more than it previously anticipated amid its artificial-intelligence push. Treasury 10-year yields climbed nine basis points to 4.73 per cent. The dollar advanced.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cStagflation chatter will surely pick up in the wake of these figures, but we\u2019re less concerned with such an outcome as long as the labour market remains so strong,\u201d said Ian Lyngen at BMO Capital Markets.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nTo Jeff Roach at LPL Financial, the economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge.<\/p>\n\u201cSavings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\u2019s two per cent target still looks a long ways off,\u201d he noted.<\/p>\nIn the short term, the numbers don\u2019t appear to be a green light for either stock bulls or bears, said Chris Larkin at E*Trade from Morgan Stanley.<\/p>\n\u201cThe uncertainty is unlikely to ease pressures in a market experiencing its deepest pullback since last year,\u201d he noted.<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n<\/section>\n\nArticle content<\/p>\nThe latest economic data interrupted a run of strong demand and muted price pressures that had fuelled optimism for a \u201csoft landing.\u201d Gross domestic product increased at a 1.6 per cent annualized rate, trailing forecasts. A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7 per cent clip.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n\u201cThis report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,\u201d said Chris Zaccarelli at Independent Advisor Alliance. \u201cThe Fed wants to see inflation start coming down in a persistent manner, but the market wants to see economic growth and corporate profits increasing.\u201d<\/p>\nIf neither are headed in the right direction, he said, then that\u2019s going to be \u201cbad news\u201d for markets.<\/p>\nThe S&P 500 slid 1.3 per cent, while losses in the Nasdaq 100 approached two per cent. Meta Platforms Inc. tumbled 15 per cent on plans to spend billions of dollars more than it previously anticipated amid its artificial-intelligence push. Treasury 10-year yields climbed nine basis points to 4.73 per cent. The dollar advanced.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cStagflation chatter will surely pick up in the wake of these figures, but we\u2019re less concerned with such an outcome as long as the labour market remains so strong,\u201d said Ian Lyngen at BMO Capital Markets.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nTo Jeff Roach at LPL Financial, the economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge.<\/p>\n\u201cSavings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\u2019s two per cent target still looks a long ways off,\u201d he noted.<\/p>\nIn the short term, the numbers don\u2019t appear to be a green light for either stock bulls or bears, said Chris Larkin at E*Trade from Morgan Stanley.<\/p>\n\u201cThe uncertainty is unlikely to ease pressures in a market experiencing its deepest pullback since last year,\u201d he noted.<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n
The latest economic data interrupted a run of strong demand and muted price pressures that had fuelled optimism for a \u201csoft landing.\u201d Gross domestic product increased at a 1.6 per cent annualized rate, trailing forecasts. A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7 per cent clip.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\n\u201cThis report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,\u201d said Chris Zaccarelli at Independent Advisor Alliance. \u201cThe Fed wants to see inflation start coming down in a persistent manner, but the market wants to see economic growth and corporate profits increasing.\u201d<\/p>\nIf neither are headed in the right direction, he said, then that\u2019s going to be \u201cbad news\u201d for markets.<\/p>\nThe S&P 500 slid 1.3 per cent, while losses in the Nasdaq 100 approached two per cent. Meta Platforms Inc. tumbled 15 per cent on plans to spend billions of dollars more than it previously anticipated amid its artificial-intelligence push. Treasury 10-year yields climbed nine basis points to 4.73 per cent. The dollar advanced.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cStagflation chatter will surely pick up in the wake of these figures, but we\u2019re less concerned with such an outcome as long as the labour market remains so strong,\u201d said Ian Lyngen at BMO Capital Markets.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nTo Jeff Roach at LPL Financial, the economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge.<\/p>\n\u201cSavings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\u2019s two per cent target still looks a long ways off,\u201d he noted.<\/p>\nIn the short term, the numbers don\u2019t appear to be a green light for either stock bulls or bears, said Chris Larkin at E*Trade from Morgan Stanley.<\/p>\n\u201cThe uncertainty is unlikely to ease pressures in a market experiencing its deepest pullback since last year,\u201d he noted.<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u201cThis report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,\u201d said Chris Zaccarelli at Independent Advisor Alliance. \u201cThe Fed wants to see inflation start coming down in a persistent manner, but the market wants to see economic growth and corporate profits increasing.\u201d<\/p>\n
If neither are headed in the right direction, he said, then that\u2019s going to be \u201cbad news\u201d for markets.<\/p>\n
The S&P 500 slid 1.3 per cent, while losses in the Nasdaq 100 approached two per cent. Meta Platforms Inc. tumbled 15 per cent on plans to spend billions of dollars more than it previously anticipated amid its artificial-intelligence push. Treasury 10-year yields climbed nine basis points to 4.73 per cent. The dollar advanced.<\/p>\n<\/section>\n
Advertisement 3<\/p>\n
This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n\u201cStagflation chatter will surely pick up in the wake of these figures, but we\u2019re less concerned with such an outcome as long as the labour market remains so strong,\u201d said Ian Lyngen at BMO Capital Markets.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nTo Jeff Roach at LPL Financial, the economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge.<\/p>\n\u201cSavings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\u2019s two per cent target still looks a long ways off,\u201d he noted.<\/p>\nIn the short term, the numbers don\u2019t appear to be a green light for either stock bulls or bears, said Chris Larkin at E*Trade from Morgan Stanley.<\/p>\n\u201cThe uncertainty is unlikely to ease pressures in a market experiencing its deepest pullback since last year,\u201d he noted.<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u201cStagflation chatter will surely pick up in the wake of these figures, but we\u2019re less concerned with such an outcome as long as the labour market remains so strong,\u201d said Ian Lyngen at BMO Capital Markets.<\/p>\n<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nTo Jeff Roach at LPL Financial, the economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge.<\/p>\n\u201cSavings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\u2019s two per cent target still looks a long ways off,\u201d he noted.<\/p>\nIn the short term, the numbers don\u2019t appear to be a green light for either stock bulls or bears, said Chris Larkin at E*Trade from Morgan Stanley.<\/p>\n\u201cThe uncertainty is unlikely to ease pressures in a market experiencing its deepest pullback since last year,\u201d he noted.<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
To Jeff Roach at LPL Financial, the economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge.<\/p>\n
\u201cSavings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\u2019s two per cent target still looks a long ways off,\u201d he noted.<\/p>\n
In the short term, the numbers don\u2019t appear to be a green light for either stock bulls or bears, said Chris Larkin at E*Trade from Morgan Stanley.<\/p>\n
\u201cThe uncertainty is unlikely to ease pressures in a market experiencing its deepest pullback since last year,\u201d he noted.<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Recommended from Editorial<\/p>\n
<\/p>\n\n <\/picture>\nU.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
U.S. inflation higher than expected, gives Fed cause to pause<\/span><\/p>\n<\/li>\n <\/picture>\nFed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Fed holds rates, still signals 3 cuts this year despite sticky inflation<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/section>\nZaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\nBloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Zaccarelli at Independent Advisor Alliance says he\u2019s looking ahead to Friday\u2019s PCE numbers because slowing inflation is the number one issue for the Fed and the rate cut (or even rate increase) debate has been heating up and that\u2019s what\u2019s injected so much uncertainty into bond and stock markets lately.<\/p>\n
Bloomberg.com<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\nU.S. GDP slows sharply | Financial Post<\/a>\n2024-04-25 13:36:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Breadcrumb Trail Links News Economy Stocks hit across the board Author of the article: Bloomberg News Rita Nazareth Published Apr 25, 2024 \u00a0\u2022\u00a0 Last updated 3\u00a0days ago \u00a0\u2022\u00a0 2 minute…<\/p>\n","protected":false},"author":2,"featured_media":46442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}