US Economy Shows Underlying Strength Despite Weak Q1 GDP Report
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#d85b6eb2 ver:0.73
Despite weaker-than-expected Q1 GDP growth of 1.6%, the US economy shows underlying strength. Consumer spending on services surged at 4.0%, indicating robust demand. Inflation remains a concern, with the PCE price index rising 3.7%. The housing market may have peaked, but uncertainty about inflation and interest rates persists. The US economy continues to outpace other developed nations, with a projected growth rate of 2.7% for 2024. The slowdown offers a silver lining, as it could trigger interest rate cuts. Overall, the economy should not be underestimated. #US #economy #GDP #inflation #interestrates...
#newstr #UsEconomy #GdpReport #ConsumerDemand #ServicesSpending
https://here.news/story/d85b6eb2?ver=0.73
Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era /
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2024-04-28 19:59:54
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npub1yvd3l0fcwgffhz3lh9jpp7un9lwhad46r3hq84rpskwhm2ppds3qjy4xqxPublished at
2024-04-28 19:59:54Event JSON
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"content": "US Economy Shows Underlying Strength Despite Weak Q1 GDP Report\n===============\t\n#d85b6eb2 ver:0.73\n\nDespite weaker-than-expected Q1 GDP growth of 1.6%, the US economy shows underlying strength. Consumer spending on services surged at 4.0%, indicating robust demand. Inflation remains a concern, with the PCE price index rising 3.7%. The housing market may have peaked, but uncertainty about inflation and interest rates persists. The US economy continues to outpace other developed nations, with a projected growth rate of 2.7% for 2024. The slowdown offers a silver lining, as it could trigger interest rate cuts. Overall, the economy should not be underestimated. #US #economy #GDP #inflation #interestrates...\n\n#newstr #UsEconomy #GdpReport #ConsumerDemand #ServicesSpending \n\n https://here.news/story/d85b6eb2?ver=0.73",
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