Inflation pressures are continuing to build, consumers are feeling squeezed, and the Federal Reserve may be forced to stay higher for longer.
In today’s episode of Markets with Megan, Megan lays out a massive day of economic data covering housing, inflation, consumer spending, GDP, and what it all means for markets and interest rates.
🏠 Topics Megan Covers:
• New home sales fell sharply across most regions
• Median new home prices surged 8% in one month
• Core PCE inflation rose 3.3%, the highest since 2023
• Headline inflation climbed to 3.8% year-over-year
• Real disposable income fell for a third straight month
• The savings rate dropped to its lowest level since 2022
• First quarter GDP was revised lower from 2.0% to 1.6%
• Durable goods orders jumped 7.9%, boosted by defense spending
• Why the Fed may lean closer to rate hikes than rate cuts
While markets continue hitting record highs, the underlying economic data tells a much more complicated story. Consumers are struggling with higher prices, inflation remains sticky, and disruptions tied to the Iran conflict continue filtering through energy costs and supply chains.
So, what does this mean for investors? Watch now!
Listen to past episodes:
https://marketswithmegan.fm
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