Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era on Nostr: US Economic Growth Falls Short of Expectations in Q1 2024 =============== #d85b6eb2 ...
US Economic Growth Falls Short of Expectations in Q1 2024
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#d85b6eb2 ver:0.72
US economic growth falls short of expectations in Q1 2024, with GDP growing by 1.6% instead of the anticipated 2.5%. Factors contributing to the slowdown include lower consumer spending, reduced exports, and declines in government spending. Despite this, the US economy is still outperforming other developed nations. Inflation remains high, putting a strain on lower-earning individuals and those on fixed incomes. The housing market shows signs of peaking, and there is uncertainty about the future trajectory of inflation and interest rates. The Federal Reserve is holding interest rates steady until inflation decreases sustainably. The slowdown in growth could lead to interest rate cuts, even with stubborn inflation. The post-COVID economic growth is built on unsustainable fiscal and monetary stimuli. #US #economy #GDP #inflation #interestrates...
#newstr #UsEconomy #EconomicGrowth #Gdp #Inflation #FederalReserve
https://here.news/story/d85b6eb2?ver=0.72
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#d85b6eb2 ver:0.72
US economic growth falls short of expectations in Q1 2024, with GDP growing by 1.6% instead of the anticipated 2.5%. Factors contributing to the slowdown include lower consumer spending, reduced exports, and declines in government spending. Despite this, the US economy is still outperforming other developed nations. Inflation remains high, putting a strain on lower-earning individuals and those on fixed incomes. The housing market shows signs of peaking, and there is uncertainty about the future trajectory of inflation and interest rates. The Federal Reserve is holding interest rates steady until inflation decreases sustainably. The slowdown in growth could lead to interest rate cuts, even with stubborn inflation. The post-COVID economic growth is built on unsustainable fiscal and monetary stimuli. #US #economy #GDP #inflation #interestrates...
#newstr #UsEconomy #EconomicGrowth #Gdp #Inflation #FederalReserve
https://here.news/story/d85b6eb2?ver=0.72