🔥🔥🔥 GDP in the first quarter of 2024 🇺🇸 has slowed down to only 1.6%, lower than the estimate of 2.2% (4th quarter of 2023 is 3.4%)

This figure is about 50% lower than Goldman Sachs' estimate.

At the same time, the US Core PCE inflation index increased from 2.0% to 3.7%.

THIS IS THE WORST POSSIBLE RESULT FOR THE FED: ECONOMIC WEAKNESS WITH INCREASING INFLATION.

The United States has entered 'Stagflation'.

Stagflation is a combination of economic stagnation and high inflation.