THIS IS NOT GOOD: The worst combination just showed up in U.S. data 🚨 PCE at 3.5% and Core at 3.2% show inflation is still elevated. GDP at 2% shows growth is already slowing. That means the economy is losing momentum while prices stay high. This is exactly the setup the Fed does not want. It increases the risk of higher rates for longer or even a rate hike, which is very bearish for risk assets.(Crypto Rover)