Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era on Nostr: US Economic Growth Plunges in First Quarter 2024, Raising Concerns about ...
US Economic Growth Plunges in First Quarter 2024, Raising Concerns about Sustainability
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#d85b6eb2 ver:0.71
US economic growth slows to 1.6% in Q1 2024, falling short of expectations. Lower consumer spending, reduced exports, and declines in government spending contribute to the deceleration. Inflation remains high at 3.7%, putting strain on lower-earning individuals. Despite the slowdown, the US economy outperforms other developed nations. The Federal Reserve holds interest rates steady, but the report indicates a slowdown. The slowdown offers a silver lining, as further slowing could trigger interest rate cuts. The post-COVID economic growth is built on unsustainable fiscal and monetary stimuli. #Economy #Growth #Inflation #FederalReserve...
#newstr #UsEconomy #EconomicGrowth #Gdp #Inflation #FederalReserve
https://here.news/story/d85b6eb2?ver=0.71
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#d85b6eb2 ver:0.71
US economic growth slows to 1.6% in Q1 2024, falling short of expectations. Lower consumer spending, reduced exports, and declines in government spending contribute to the deceleration. Inflation remains high at 3.7%, putting strain on lower-earning individuals. Despite the slowdown, the US economy outperforms other developed nations. The Federal Reserve holds interest rates steady, but the report indicates a slowdown. The slowdown offers a silver lining, as further slowing could trigger interest rate cuts. The post-COVID economic growth is built on unsustainable fiscal and monetary stimuli. #Economy #Growth #Inflation #FederalReserve...
#newstr #UsEconomy #EconomicGrowth #Gdp #Inflation #FederalReserve
https://here.news/story/d85b6eb2?ver=0.71