Real GDP grew 2.5% in CY23, but slower PCE and government spending will reduce growth to ~1% in H1CY24. Core PCE inflation eased to 2.93%YoY in Dec'23, providing a backdrop for a rate cut in Jun'24.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.