Inflation releases describe price pressure; growth releases describe activity. Markets rarely react to a single number in isolation — they compare outcomes to consensus and to what policy makers said they need to see.
Stagflation fear mixes weak growth with sticky inflation. Goldilocks hope mixes stable prices with resilient activity. The mapping to FX and rates shifts with the policy cycle.
Document the reference period and revision history when citing any macro statistic. Headline beats with downward revisions can mislead desks.
Educational only · not investment advice · Risk disclosures