US GDP Growth Slows to 1.6% in Q1 2024 Amid Rising Inflation, Raising Concerns of a Looming Recession
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#d85b6eb2 ver:0.59
US GDP growth slows to 1.6% in Q1 2024, raising concerns of a recession amid rising inflation. The deceleration is attributed to contracting government spending and underperforming personal consumption. Inflation unexpectedly increased, posing challenges for the Federal Reserve's 'soft landing' strategy. Interest rate cuts in 2024 are becoming unrealistic, impacting financial markets. The US economy may be facing stagflation, but underlying strength in consumer spending and services may delay rate cuts. Despite the slowdown, the US economy outpaces other advanced economies, but cooler economic momentum and high prices are election season concerns....
#newstr #UsEconomy #GdpGrowth #Inflation #Recession #FederalReserve #InterestRates #StockMarket #ConsumerSpending #Imports #BorrowingRates
https://here.news/story/d85b6eb2?ver=0.59
Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era /
npub1yv…y4xqx
2024-04-26 04:54:22
Author Public Key
npub1yvd3l0fcwgffhz3lh9jpp7un9lwhad46r3hq84rpskwhm2ppds3qjy4xqxPublished at
2024-04-26 04:54:22Event JSON
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"content": "US GDP Growth Slows to 1.6% in Q1 2024 Amid Rising Inflation, Raising Concerns of a Looming Recession\n===============\t\n#d85b6eb2 ver:0.59\n\nUS GDP growth slows to 1.6% in Q1 2024, raising concerns of a recession amid rising inflation. The deceleration is attributed to contracting government spending and underperforming personal consumption. Inflation unexpectedly increased, posing challenges for the Federal Reserve's 'soft landing' strategy. Interest rate cuts in 2024 are becoming unrealistic, impacting financial markets. The US economy may be facing stagflation, but underlying strength in consumer spending and services may delay rate cuts. Despite the slowdown, the US economy outpaces other advanced economies, but cooler economic momentum and high prices are election season concerns....\n\n#newstr #UsEconomy #GdpGrowth #Inflation #Recession #FederalReserve #InterestRates #StockMarket #ConsumerSpending #Imports #BorrowingRates \n\n https://here.news/story/d85b6eb2?ver=0.59",
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