This week we look at recent economic data and the implications of this data regarding the Fed’s upcoming monetary policy actions. GDP growth in the U.S. economy slowed to 1.6% in the first quarter of 2024, lagging measures of 4.9% and 3.4% recorded in the final two quarters of 2023. Leading economic indicators point to a further slowdown on the horizon in 2024, as The Conference Board’s Leading Economic Index, fell 2.2% in the six months ended March 2024. We take a brief look at these trends and more.