US GDP Q-o-Q Q1 came in at 1.6% vs 2.5% est But Core PCE (Fed's...

US GDP Q-o-Q Q1 came in at 1.6% vs 2.5% est

But Core PCE (Fed's indicator) jumped to 3.7% (from 2%) vs 3.4% est.

Weakening economy with higher prices = a trend toward Stagflation

..and this is spooking the market, Dow is off -340pts , Nasdaq -1.3%

❖ U.S PCE PRICES (Q1) ACTUAL: 3.4% VS 1.8% PREVIOUS
❖ U.S GDP PRICE INDEX (QOQ) (Q1) ACTUAL: 3.1% VS 1.7% PREVIOUS; EST 3.0%
❖ U.S CORE PCE PRICES (Q1) ACTUAL: 3.70% VS 2.00% PREVIOUS; EST 3.40%