Investors are Worried about Inflation Weakening the Economy

Investors are more worried about inflation than a weakening economy FED WON’T BE ABLE TO CUT RATES IN 2024 New data revealed a slowdown in the US economy in the first three months of the year. But even more concerning to investors was that inflation accelerated faster than Wall Street had expected, sending shockwaves through markets on Thursday. The latest data from the Bureau of Economic Analysis showed the “core” Personal Consumption Expenditures (PCE) index, which excludes the volatile food and energy categories, grew by 3.7% year over year in the first quarter, above estimates for 3.4% and significantly higher than 2% gain seen…