U.S. GDP Growth Falls Short of Expectations at 1.4%

The U.S. economy experienced slower growth than anticipated, with the Gross Domestic Product (GDP) increasing by only 1.4%, falling short of the expected 2.8%. Bespoke Investment Group posted on X that both the Personal Consumption Expenditures (PCE) and Core PCE showed stronger-than-expected results. Additionally, both Purchasing Managers' Indexes (PMIs) missed their targets, contributing to a mixed economic outlook as the week concluded.