freebonusonregistrationnodeposit| Agency: PCE inflation data offsets concerns about GDP data

Gelonghui April 26| Robert Pavric, senior portfolio manager at Dakota Wealth, saidfreebonusonregistrationnodeposit, PCE inflation data was basically in line with expectations, so there were no negative surprises, which gave the market some confidence. Although not entirely true, it offset yesterday's GDP datafreebonusonregistrationnodepositsome of the concerns. The broad prospects that the economy may experience stagflation and the Fed will remain inactive until at least September remain unchanged. But the market may see a rate cut a little earlier, but I don't think that will happen. The Fed will not just rely on a month of PCE data to say we are moving in the right direction.