GDP Revisions, Claims Mock US Recession Meme

Bad news for the doves among you: The second estimate of Q1 GDP in the US found personal consumption and core inflation revised higher against expectations for unchanged prints. You could argue this doesn't matter, and I wouldn't necessary argue with you, but I wouldn't exactly agree either. Recent Fedspeak and selected excerpts from the May FOMC minutes suggest the June meeting is live. Even if Jerome Powell is inclined to herd cats around a pause, the hawks are plainly not going to countenan

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