What does US GDP 1.4% mean for stocks today?

It signals slower growth than expected, which can cap upside enthusiasm. Since inflation is still firm, the Fed has less urgency to cut. That mix often supports a range, not a breakout. Watch 6,805 as first support and 6,912 to 7,020 as resistance on the S&P 500.

How does PCE inflation 3% affect Fed rate cuts?

Core PCE at 3.0% keeps inflation above the 2% goal. The Fed can wait for more progress before easing. That reduces odds of early 2026 cuts and can keep front‑end yields firm. Equities may favor quality and cash flow while the policy path remains uncertain.

Which Hong Kong assets are most sensitive to US policy timing?

Property and highly leveraged names tend to feel higher funding costs more. Exporters and firms with USD revenue can be steadier. Banks can benefit from stable margins if rates stay elevated. The HKD peg transmits US policy shifts, so local borrowing costs track the Fed.

What S&P 500 levels should I monitor in Asia hours?

Focus on 6,805 for support and 6,912 to 7,020 as resistance. Holding above the middle band near 6,913 improves the near‑term tone. A break below 6,805 opens 6,737. Momentum is neutral, with RSI near 52 and ADX around 17, pointing to range conditions.

Global Market Insights

^GSPC Today: February 21 – Q4 GDP Miss, Firm PCE Test Rate-Cut Bets

ByHuzaifa Zahoor February 21, 2026February 21, 2026

US GDP 1.4% in Q4 2025 missed the 2.5% consensus, with the shutdown likely shaving about 1 percentage point. Core PCE stayed firm at 3.0% year over year and 0.4% month over month, keeping inflation above target. This mix curbs hopes for early 2026 Fed rate cuts and could steady risk appetite in Asia hours. For Hong Kong investors, watch ^GSPC futures, dollar strength, and sector rotation. We break down the data, the S&P 500 outlook, and practical steps to position into today’s session.