Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era on Nostr: US Economy Grows at Slower Pace of 1.6% in Q1 2024, Missing Analyst Expectations Amid ...
US Economy Grows at Slower Pace of 1.6% in Q1 2024, Missing Analyst Expectations Amid Rising Inflation
===============
#d85b6eb2 ver:0.81
The US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations of 2.2%. Factors such as increased imports and decreased inventory investment contributed to the slowdown. However, consumer spending on services remained strong, and businesses increased investments in AI. The Federal Reserve is not planning immediate interest rate cuts but may do so if the economy falters. Despite the slower growth, the US economy is still outperforming other developed nations. Higher inflation and lower growth pose challenges for President Biden's economic agenda. #USEconomy #GDP #Inflation #ConsumerSpending...
#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending #Biden'sEconomicScenario
https://here.news/story/d85b6eb2?ver=0.81
===============
#d85b6eb2 ver:0.81
The US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations of 2.2%. Factors such as increased imports and decreased inventory investment contributed to the slowdown. However, consumer spending on services remained strong, and businesses increased investments in AI. The Federal Reserve is not planning immediate interest rate cuts but may do so if the economy falters. Despite the slower growth, the US economy is still outperforming other developed nations. Higher inflation and lower growth pose challenges for President Biden's economic agenda. #USEconomy #GDP #Inflation #ConsumerSpending...
#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending #Biden'sEconomicScenario
https://here.news/story/d85b6eb2?ver=0.81