US 🚀 GDP (Q4), 0.7% vs forecast 1.4% (previously 4.4%)

🔹Economic growth much lower than expected. The FED faces a crossroads: continue focusing on cooling inflation but risk weakening the economy, or support the economy but potentially reignite inflation.

🔹Additionally, high interest rates are forcing the United States to spend more on bond interest payments than the entire national defense budget.