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Markets Rebound as Investors Weigh Rates and Earnings
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Markets Rebound as Investors Weigh Rates and Earnings
Stock markets are attempting to rebound from Wednesday’s selloff as investors digest central bank decisions, corporate earnings, and signs of stagflation in today’s US Q2 GDP report. Annualized economic growth missed expectations by a wide margin at 1.5% v. Street 2.1%, while the Q2 GDP price index came in much higher than expected at 5.7% v. Street 3.6%, pointing toward persistent inflation alongside slowing growth. The Federal Reserve and Bank…
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