
The Kobeissi Letter|Apr 30, 2025 13:18
The Fed's worst nightmare just got worse:
New data showed that US GDP CONTRATCTED by -0.3% in Q1 2025, while +0.3% growth was expected.
To make things worse, the GDP Price Index surged to +3.7%, its highest since August 2023.
What does Powell do now?
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