GDP growth over the first three months of the year stood at 1.1% annualized. This represents a strong slowdown compared to the 2.6% recorded in the previous quarter.
Analysts had rather expected growth of 2% over the quarter, according to the consensus of Briefing.com. The Fed is due to meet next week to decide whether or not to raise rates again, while the market is anticipating a moderate hike of around 0.25 percentage points. The fear for the Fed is to see materialize a risk of inflation "generalized in the economy"