GDP Falls, PCE Inflation Rises, ADP Payrolls Miss.

The economic data does not look good this morning. First quarter GDP came in negative, showing the first official decline in overall economic activity since 2022. PCE rose to 3.6%, showing elevated inflation. The labor market is looking weak as well with ADP Private Payrolls and JOLTS coming in well below expectations. Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinanceSupport the Channel by Buying Me a Coffee https://www.buymeacoffee.com/nobodyspecialSubscribe to Nobody Special on YouTube: https://www.youtube.com/@NobodySpecialFinanceFollow Nobody Special on X(twitter): https://x.com/JG_Nuke