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2025-05-02 04:22:33
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finance.yahoo.com on Nostr: finance.yahoo.com ✍️ The US economy contracted in the first quarter, but some ...



✍️ The US economy contracted in the first quarter, but some economists were bracing for a deeper contraction. The impact of President Trump's tariffs on imports is causing uncertainty and volatility in the economy.
👉 US GDP contracted at an annualized rate of 0.3% in the first quarter
👉 The contraction was largely due to a surge in imports as businesses sought to avoid higher costs from the new tariffs
👉 Some economists were encouraged by the data, while others were concerned about the impact of the tariffs on the economy
👉 The uncertainty and volatility caused by the tariffs is making it difficult for investors to get a clear read on the economy's health

#LewisKrauskopf #SaqibIqbalAhmed #MatthewMiskin #MarkHackett #LarryWerther #PeterAndersen #RobertTipp #SonuVarghese #NewYork #Boston #world

https://media.zenfs.com/en/reuters-finance.com/79c3440b9ce360187c16f29cb4c36bb8

https://finance.yahoo.com/news/muddied-gdp-report-leaves-investors-175327729.html

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