US Industrial Production Stagnates as Factory Output Declines on Nostr: US Economy Grows Slower Than Expected in Q1 2024, With GDP Revised Down to 1.3% ...
US Economy Grows Slower Than Expected in Q1 2024, With GDP Revised Down to 1.3%
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#2bef6d19 ver:0.55
The US economy grew slower than expected in Q1 2024, with GDP revised down to 1.3%. Consumer spending was a major factor in the downward revision, with a decline in spending on goods but an increase in services. Despite the slowdown, the labor market remains strong. The outlook for the US economy is uncertain, and the Federal Reserve may delay interest rate cuts. The global economy is also showing signs of contraction. Consumers are recalibrating their spending habits, and the release of April data will provide further insight. The revision in GDP figures highlights a significant pullback in consumer spending, but the labor market remains resilient. #US #economy #GDP #consumer #spending #FederalReserve #inflation #jobs...
#newstr #UsEconomy #Gdp #ConsumerSpending #Inflation #JoblessClaims #JoeBiden #Deflation #GlobalEconomy
https://here.news/story/2bef6d19?ver=0.55
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#2bef6d19 ver:0.55
The US economy grew slower than expected in Q1 2024, with GDP revised down to 1.3%. Consumer spending was a major factor in the downward revision, with a decline in spending on goods but an increase in services. Despite the slowdown, the labor market remains strong. The outlook for the US economy is uncertain, and the Federal Reserve may delay interest rate cuts. The global economy is also showing signs of contraction. Consumers are recalibrating their spending habits, and the release of April data will provide further insight. The revision in GDP figures highlights a significant pullback in consumer spending, but the labor market remains resilient. #US #economy #GDP #consumer #spending #FederalReserve #inflation #jobs...
#newstr #UsEconomy #Gdp #ConsumerSpending #Inflation #JoblessClaims #JoeBiden #Deflation #GlobalEconomy
https://here.news/story/2bef6d19?ver=0.55