The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates,
The US economy cooled more than expected in the first quarter of the year, but remained solid by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates,
The US economy cooled markedly in the first three months this year, expanding less than anticipated as consumer spending and exports decelerated, according to government data released on Thursday.
U.S. economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September. Growth was largely supported by consumer spending.