US Q4 GDP Grows Smaller-Than-Forecast 1.4% on Shutdown Impact

Data quirks and all. How did you interpret the pieces we got today. Well, some of it distorted by the government shutdown and some of it maybe people running out of gas at the end of the year in terms of the spending numbers, the inflation numbers affected by various categories in CPI and PPE.But remember, these are December inflation numbers still bad. Look for the Fed to be cutting rates when you've got the PC core at 3% for the month of December. That's quite a ways from their target.And also we saw the ...