Data Is Keeping the Fed on Its Toes

[Trading With Larry Benedict]( Data Is Keeping the Fed on Its Toes By the Opportunistic Trader Editorial Team From high hopes of serious rate cuts… to suspicion whether the Fed will manage to cut at all in 2024. Interest rate expectations have come a long way this year. And the latest data aren’t making the Fed’s job any easier. Personal consumption expenditures (PCE) rose by 2.7% in the past year (through March). That was slightly more than anticipated… and shows how inflation remains sticky. Earlier this week, though, the gross domestic product (GDP) came in at 1.6%... which was a sharp fall from last quarter’s 3.4% growth. The Fed continues to maneuver for a soft landing. But as we can see, the situation is precarious. JPMorgan Chase CEO Jamie Dimon chimed in this week with his take: When I look at the range of possible outcomes… I’m a little more worried it may not be so soft and inflation may not quite go away as people expect. I’m not talking about this year – I’m talking about 2025 or 2026. So we won’t get complacent yet. These conditions could stick around for a while. But no matter what happens with inflation… interest rates… or the economy overall, we’ll keep bringing you the best trading insights around. To catch up on this week’s content, check out the links below… Recommended Link [Elon Musk’s Crazy New Experiment… REVEALED]( [image]( On January 28th of 2024… Elon Musk launched a crazy A.I. experiment involving a real human in California. [Click here to see the mind-blowing results.]( Elon already invested $100 million of his own money into this A.I. project… Because he knows the profits here could be ridiculous. [Details here.]( -- --------------------------------------------------------------- [thumbnail]( [What Junk Bonds Are Saying About Stocks]( Many traders overlook one corner of the markets that can reveal important clues about the next move in stocks… --------------------------------------------------------------- [thumbnail]( [This Sector’s Bounce Could Be Short-Lived]( Big-name stocks are set to announce earnings over the coming weeks. And volatility is on the rise… --------------------------------------------------------------- [thumbnail]( [The “Beijing Bounce” Is About to Face Its First Test]( After falling 62%, FXI has bounced. But let’s see where Chinese stocks are heading next… --------------------------------------------------------------- [thumbnail]( [This Battered Stock Is Trying to Revive]( General Mills is showing sparks of life, but the recent action complicates its future… --------------------------------------------------------------- [thumbnail]( [What Next Week’s Fed Meeting Means for Real Estate]( After a long downturn, this real estate ETF is attempting to build steam… --------------------------------------------------------------- [The Opportunistic Trader]( The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@opportunistictrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](