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US Consumer Confidence Rises, GDP Growth Cools, Construction Spending Falls, and Consumer Spending Rebounds /
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2024-06-28 14:06:05

US Consumer Confidence Rises, GDP Growth Cools, Construction Spending Falls, and Consumer Spending Rebounds on Nostr: US GDP Growth Slows as Economy Feels the Squeeze of High Interest Rates and Stubborn ...

US GDP Growth Slows as Economy Feels the Squeeze of High Interest Rates and Stubborn Inflation
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#fdaae6e6 ver:0.52

US GDP growth slows due to high interest rates and stubborn inflation, but the economy remains resilient. Consumer spending and housing market show signs of deceleration, while labor market cools and business investment falters. However, growth is expected to pick up in the current quarter. Immigration helps limit wage-driven inflation, and retail sales continue to grow. US manufacturing economy shows momentum and optimism, but caution remains about interest rate cuts. Overall, the US retail and manufacturing sectors navigate challenges and uncertainties while remaining resilient. #USGDP #economy #inflation #retail #manufacturing...

#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending #HousingMarket #BusinessInvestment #Trade #LaborMarket

https://here.news/story/fdaae6e6?ver=0.52
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