US Market Open – US GDP, Claims & FOMC Reaction

The FOMC confirmed unison on 100 bp interest rate hikes by the summer (50 bp in June and July) in the minutes last night. Will today’s surprise Q1 GDP revision lower, to -1.5% from -1.4%, add to the calls for more?

About the author

Andria Pichidi

Having completed her five-year-long studies in the UK, Andria Pichidi has been awarded a BSc in Mathematics and Physics from the University of Bath and a MSc degree in Mathematics, while she holds a postgraduate diploma (PGdip) in Actuarial Science from the University of Leicester.