Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 1.6% annualized rate during the first quarter.
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 grew less than expected in the first quarter of 2024, at an annualised rate of 1.6 per cent, but higher than anticipated price pressures led investors to push back their expectations of interest rate cuts.
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,
JPMorgan's CEO is concerned the US economy could be in for a repeat of the stagflation that hampered the country during the 1970s. Vincent Goodwill and Tom Haberstroh break down last night’s NBA Playoffs action and preview several games for tonight and tomorrow.
Today, economic growth surprised economists in how much it slowed in the first quarter and we will look ahead to tomorrow's report on the Federal Reserve's preferred measure of inflation.
The nation's economy slowed sharply last quarter to a 1.6 percent annual pace in the face of high interest rates, but consumers — the main driver of economic
The advance estimate of U.S. first quarter real gross domestic product (GDP) grew at an annual rate of 1.6%, and the fourth quarter GDP was revised up to 3.4%
Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates.
Thursday's initial measure of U.S. economic activity at the start of the year showed slower growth than expected, but worse inflation. The first-quarter data was the “worst of both worlds,” writes David Donabedian,