US Economy Grows Less Than Expected in First Quarter
The US economy grew at a slower-than-projected pace in the first quarter, while consumer spending growth eased sequentially amid rising inflationary pressures, according to an advance estimate released Thursday by the Bureau of Economic Analysis.
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated in the January-March quarter from its brisk 3.
In the initial quarter of 2024, the United States, the world's foremost economic powerhouse, saw its economy grow by a modest ...
The US economy grew by less than forecast in the first three months of this year but inflation gathered pace, which could ...
The US economy grew at its slowest pace in nearly two years last quarter as inflation topped Wall Street estimates. The Bureau of Economic Analysis's advance estimate of first quarter US gross ...
The world's biggest economy grew 1.6 per cent in the first quarter, missing Wall Street expectations of a larger 2.4 per cent ...
The latest GDP and inflation figures have sparked concerns among investors, hinting at a potential economic downturn worse ...
The US economy grew at a slower-than-forecast 1.6% annualised rate in the first quarter of 2024, while the closely-watched ...
The US’ economy slowed last quarter, growing at an annual rate of 1.6 per cent in a sign that the high interest rates may be ...
The government's soaring debt balance risks stoking inflation and lowering the quality of life for Americans, economists said ...
A growth rate of 1.6% in Q1 marks a notable slowdown from the 3.4% in the final quarter of 2023. PCE price index – the Fed's favorite inflation gauge – slowed ...
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