🇸🇪 LATEST: Sweden’s Bitcoin Treasury Capital buys 66 $BTC (~$7M) at $105K each, plans to buy more
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BREAKING: US Q1 2025 GDP was revised down by 0.3 percentage points, to -0.5%, confirming the first quarterly contraction since Q1 2022.
Personal consumption was revised lower by 0.7 percentage points, to +0.5%, making this the weakest quarter since the 2020 pandemic.
This also marked the second downward revision after the -0.5 percentage point revision on May 29th.
As a result, consumer spending contributed just 0.31% to the GDP print, down from 1.21% in Q4 2024.
Meanwhile, the Core PCE Price Index was revised up by 0.1 percentage point to +3.8%.
Tariffs are shifting the US economy.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Personal consumption was revised lower by 0.7 percentage points, to +0.5%, making this the weakest quarter since the 2020 pandemic.
This also marked the second downward revision after the -0.5 percentage point revision on May 29th.
As a result, consumer spending contributed just 0.31% to the GDP print, down from 1.21% in Q4 2024.
Meanwhile, the Core PCE Price Index was revised up by 0.1 percentage point to +3.8%.
Tariffs are shifting the US economy.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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