Market Talks

FOMC Minutes from 8th of Aug Meeting showed an uncomfortably dilemma: Inflation is likely to stay high or even increase, while growth in the next six quarters is likely to moderate to below potential.
Today’s US GDP will show if the FOMC is right. Core PCE QoQ expected at 2.9% (quite high). Could we cross the psycologically important 3%?
Stocks are looking good short-term, baring any negative news.