US Economy Shows Underlying Strength Despite Weak Q1 GDP Report
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#d85b6eb2 ver:0.75
Despite weak Q1 GDP growth of 1.6%, the US economy shows underlying strength with resilient consumer spending and increased investments in AI. Inflation remains high at 3.7%, impacting lower-earning individuals. The housing market may have peaked, but uncertainty about inflation and interest rates persists. The US economy continues to outpace other advanced economies, but the slowdown could lead to interest rate cuts. The weak GDP report is a reminder of the fragile post-COVID growth built on unsustainable fiscal and monetary stimuli....
#newstr #UsGdp #Inflation #TradeDeficit #GovernmentSpending #FiscalPolicy #EconomicGrowth #SafeHaven #DollarAssets #AsianCurrencies #China'sEconomicGrowth
https://here.news/story/d85b6eb2?ver=0.75
Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era /
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2024-04-29 01:01:15
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npub1yvd3l0fcwgffhz3lh9jpp7un9lwhad46r3hq84rpskwhm2ppds3qjy4xqxPublished at
2024-04-29 01:01:15Event JSON
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"content": "US Economy Shows Underlying Strength Despite Weak Q1 GDP Report\n===============\t\n#d85b6eb2 ver:0.75\n\nDespite weak Q1 GDP growth of 1.6%, the US economy shows underlying strength with resilient consumer spending and increased investments in AI. Inflation remains high at 3.7%, impacting lower-earning individuals. The housing market may have peaked, but uncertainty about inflation and interest rates persists. The US economy continues to outpace other advanced economies, but the slowdown could lead to interest rate cuts. The weak GDP report is a reminder of the fragile post-COVID growth built on unsustainable fiscal and monetary stimuli....\n\n#newstr #UsGdp #Inflation #TradeDeficit #GovernmentSpending #FiscalPolicy #EconomicGrowth #SafeHaven #DollarAssets #AsianCurrencies #China'sEconomicGrowth \n\n https://here.news/story/d85b6eb2?ver=0.75",
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