US Economy Grows at Slower Pace of 1.6% in Q1 2024, Missing Analyst Expectations Amid Rising Inflation and Stagflation Concerns
===============
#d85b6eb2 ver:0.82
The US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations. Rising inflation and stagflation concerns are contributing factors. Despite the slowdown, consumer spending remains strong, particularly in the services sector. Businesses are optimistic and increasing investments in AI. The housing market shows signs of peaking, and there is uncertainty about future inflation and interest rates. The US economy is still outperforming other developed nations. Biden's approval ratings may decline further due to the combination of lower growth and higher inflation. #USEconomy #GDP #Inflation #ConsumerSpending #AI #HousingMarket #BidenEconomy...
#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending #Biden'sEconomicScenario #Stagflation
https://here.news/story/d85b6eb2?ver=0.82
Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era /
npub1yv…y4xqx
2024-05-01 22:54:29
Author Public Key
npub1yvd3l0fcwgffhz3lh9jpp7un9lwhad46r3hq84rpskwhm2ppds3qjy4xqxPublished at
2024-05-01 22:54:29Event JSON
{
"id": "2d8466f773a61c59a0b27d74ac4b2e33be47f3d917148b98628979824dc32738",
"pubkey": "231b1fbd3872129b8a3fb96410fb932fdd7eb6ba1c6e03d461859d7da8216c22",
"created_at": 1714604069,
"kind": 1,
"tags": [],
"content": "US Economy Grows at Slower Pace of 1.6% in Q1 2024, Missing Analyst Expectations Amid Rising Inflation and Stagflation Concerns\n===============\t\n#d85b6eb2 ver:0.82\n\nThe US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations. Rising inflation and stagflation concerns are contributing factors. Despite the slowdown, consumer spending remains strong, particularly in the services sector. Businesses are optimistic and increasing investments in AI. The housing market shows signs of peaking, and there is uncertainty about future inflation and interest rates. The US economy is still outperforming other developed nations. Biden's approval ratings may decline further due to the combination of lower growth and higher inflation. #USEconomy #GDP #Inflation #ConsumerSpending #AI #HousingMarket #BidenEconomy...\n\n#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending #Biden'sEconomicScenario #Stagflation \n\n https://here.news/story/d85b6eb2?ver=0.82",
"sig": "0e6c3c9eedc8a8102d0172a59592c9a61283664be96178c919c2679dfb355d952ad44da7ad7360a4674d12f75bddaf835a3166b92109b89cf548fe5acdafcea1"
}