QCP Capital: The stagflationary combination of slowing economic growth and continued inflation further weakens the possibility of the Fed cutting int

QCP Capital stated that the lower-than-expected growth of the US GDP indicates a slowing economic growth, while the rise in the core personal consumption expenditure price index warns that inflation continues to plague the Federal Reserve. The US grew at an annual rate of 1.6% in Q1 this year, compared to 3.4% in the previous quarter. At the same time, the Personal Consumption Expenditures (PCE) price index showed that prices in the first three months of this year rose at an annual rate of 3.4%, compared to 1.8% in the fourth quarter of last year. The combination of slowing economic growth and persistent inflationary pressures further weakens the possibility of the Federal Reserve cutting interest rates.