The Latest Breaking News from GDP

With inflation easing and the U.S. economy cooling, is the Federal Reserve done raising interest rates? After all, gently bringing down the trajectory of prices without crashing the economy was the central bank’s objective when it began jacking up rates over a year ago.

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.

However, investors may take confidence from elsewhere in Europe, as France and Italy both returned to growth

The Federal Reserve has more work to do to ease inflation—which is why so many see a recession ahead.

“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

Economy grew by 0.2% in the final quarter of last year, but remains 0.4% below the same period in 2019

Since 1989 my family has gone from farm labourers to high achievers. Something similar has happened to my country, says social scientist Anna Gromada

Tax receipts equated to 31.4% of GDP in 2022 -23, according to HM Revenue and Customs figures.

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

Global defense spending hit record $2.2 trillion last year.