Outlook 01/25: U.S. stock futures gain after GDP report shows strong growth and slowing inflation. The U.S. economy grew at a rate of 3.3% in the fourth quarter, gross domestic product data shows. That’s much higher than the 2% expected. Thursday’s report also included encouraging data on the inflation front. The price index for personal consumption expenditures rose 2.7% on an annualized basis, down from 5.9% a year prior. Core PCE increased by 3.2%, down from 5.1%. The report comes as investors look ahead to possible Federal Reserve rate cuts later this year.
/ESH24 (MAR 2024): YVAH 4930 YPOC 4923 YVAL 4909 GAP 4893.25
/ES Plan: Yesterday market closed bearish, but overnight, after GDP data, looks bullish, moving within previous value, so these're the opening and initial balance options for today:
