Economy and Markets: GDP Growth Slows while Inflation Ticks Up Ahead of Big Tech Earnings
• Macroeconomics calendar this week includes Manufacturing PMI, Services PMI, Q4 2022 GDP report, and Core PCE Price Index.
• GDP growth expected to slow to 1.8% in Q4 from 4.9% in Q3.
• Core PCE price index is Fed's main inflation gauge, expected to show slight uptick.
• Earnings reports due from Tesla, Intel, Visa.
• Crypto markets flat over weekend after options expiry, but altcoins starting to retreat again.