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US Data Drop (May 28):
🔹 Core PCE (Fed’s favorite inflation gauge): +0.2% MoM ✅ Beat expectations (0.3%) — cooler than forecast 🔥
🔹 GDP Q1 2nd estimate: 1.6% QoQ Missed consensus (2.0%)
🔹 Durable Goods Orders: +7.9%Big beat vs +3.5% expected
🔹 Personal Income flat at 0% | Spending in line at +0.5%
Bottom line: Softer inflation print is the clear winner today. Rate cut odds just got a little more oxygen 1.1% cut 😅😅