A mixed bag of data to start the day led to a rather uneventful session. To no surprise, initial jobless and continuing claims remain at the same levels, a slight increase in Core PCE for the Q1 was expected, and personal consumption was lower than expected but not enough to stir up some worrying on the street. Concern does remain around US GDP after positing 1.4% growth for Q1 as the economy flashes signs of a slowdown due to the extended high interest rate environment. A soft landing remains…
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