US GDP Growth Slows to 1.6% in Q1 2024 Amid Rising Inflation
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#d85b6eb2 ver:0.63
The US economy experienced its slowest growth in nearly two years in Q1 2024, with a 1.6% annualized rate, falling short of expectations. Inflation surged, with the PCE price index growing at a rate of 3.7%. Despite signs of strong demand, the Federal Reserve is unlikely to consider interest rate cuts before September. The economy's underlying momentum is positive, but concerns about cooler economic momentum and high inflation persist. The state of the US economy has become a focal point in the election season. #USGDP #Inflation #FederalReserve #Economy...
#newstr #UsEconomy #GdpGrowth #Inflation #FederalReserve #ConsumerSpending #BusinessInvestment #HousingMarket #LaborMarket #TradeDeficit
https://here.news/story/d85b6eb2?ver=0.63
Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era /
npub1yv…y4xqx
2024-04-26 07:56:57
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npub1yvd3l0fcwgffhz3lh9jpp7un9lwhad46r3hq84rpskwhm2ppds3qjy4xqxPublished at
2024-04-26 07:56:57Event JSON
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"content": "US GDP Growth Slows to 1.6% in Q1 2024 Amid Rising Inflation\n===============\t\n#d85b6eb2 ver:0.63\n\nThe US economy experienced its slowest growth in nearly two years in Q1 2024, with a 1.6% annualized rate, falling short of expectations. Inflation surged, with the PCE price index growing at a rate of 3.7%. Despite signs of strong demand, the Federal Reserve is unlikely to consider interest rate cuts before September. The economy's underlying momentum is positive, but concerns about cooler economic momentum and high inflation persist. The state of the US economy has become a focal point in the election season. #USGDP #Inflation #FederalReserve #Economy...\n\n#newstr #UsEconomy #GdpGrowth #Inflation #FederalReserve #ConsumerSpending #BusinessInvestment #HousingMarket #LaborMarket #TradeDeficit \n\n https://here.news/story/d85b6eb2?ver=0.63",
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