US Economy Slows in Q1 2024 as Inflation Flares Up, Posing Challenges for the Federal Reserve
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#d85b6eb2 ver:0.52
The US economy experienced a slowdown in Q1 2024, with GDP growing at just 1.6% compared to the expected 2.4%. Inflation also increased, posing challenges for the Federal Reserve. The conflicting data on growth and inflation raises concerns about stagflation. Despite positive weekly unemployment data, the tense labor market may create domestic inflationary pressures. The disappointing economic data has led to concerns about interest rates. The slowdown in government spending and personal consumption contributed to the deceleration. Overall, the economy is showing signs of re-accelerating inflation and potential stagflation. #USeconomy #inflation #FederalReserve #stagflation...
#newstr #UsEconomy #EconomicGrowth #Q12024 #ConsumerSpending #Inflation
https://here.news/story/d85b6eb2?ver=0.52
Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era /
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2024-04-26 00:02:52
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npub1yvd3l0fcwgffhz3lh9jpp7un9lwhad46r3hq84rpskwhm2ppds3qjy4xqxPublished at
2024-04-26 00:02:52Event JSON
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"content": "US Economy Slows in Q1 2024 as Inflation Flares Up, Posing Challenges for the Federal Reserve\n===============\t\n#d85b6eb2 ver:0.52\n\nThe US economy experienced a slowdown in Q1 2024, with GDP growing at just 1.6% compared to the expected 2.4%. Inflation also increased, posing challenges for the Federal Reserve. The conflicting data on growth and inflation raises concerns about stagflation. Despite positive weekly unemployment data, the tense labor market may create domestic inflationary pressures. The disappointing economic data has led to concerns about interest rates. The slowdown in government spending and personal consumption contributed to the deceleration. Overall, the economy is showing signs of re-accelerating inflation and potential stagflation. #USeconomy #inflation #FederalReserve #stagflation...\n\n#newstr #UsEconomy #EconomicGrowth #Q12024 #ConsumerSpending #Inflation \n\n https://here.news/story/d85b6eb2?ver=0.52",
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