The Economic Data That Has Investors Selling Stocks

Wall Street is being rattled by data that show exactly what stock traders did not want to hear: a significant slowdown in the US economy and persistent inflation pressures.
Stocks are getting hit across the board, with the S&P 500 extending its April slide - as the economic figures fuel “stagflation” jitters, bringing even more uncertainty to the path of Federal Reserve policy. Swap traders reacted accordingly - pushing back the timing of the first rate cut to December. Treasuries sold off, with two-year yields spiking to 5%.
For analysis, Paul Sweeney and Molly Smith speak with Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey on Bloomberg Radio.
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[@user-jz6bp1er1g]

Wrong… people charge services either record credit card delinquencies

[@esquirrelrockk.9489]

Lower GDP leads to more layoffs which in turn will eventually cause inflation to drop drastically if Fed doesn't start cutting soon...

[@RBBBBBBBBB533]

Sure, but the fed will choose to wait for that to happen first. They will choose recession over higher inflation.

[@esquirrelrockk.9489]

@@RBBBBBBBBB533 Recession should be interesting during election year.😂😂

[@wulung5943]

US debt at U$35 trillion is 140% pf its U$ 25.44 trillion GDP. It borrows 40% of its GDP or U$10 trillion to achieve 1.6% growth or U$0.4 trillion. US economy has collapsed!