Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era on Nostr: US GDP Growth Slows to 1.6% in Q1 2024 Amid Rising Inflation =============== ...
US GDP Growth Slows to 1.6% in Q1 2024 Amid Rising Inflation
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#d85b6eb2 ver:0.64
The US economy experienced its slowest growth in nearly two years in Q1 2024, with a 1.6% GDP growth rate, falling short of expectations. Inflation surged, with the PCE price index growing at a rate of 3.7%. Despite concerns of stagflation, the US economy still outpaces other advanced economies. The high inflation has strained lower-earning individuals and those on fixed incomes, making it unlikely for the Fed to cut interest rates. Inflation has become a major concern for voters in the upcoming election. #USGDP #Inflation #Economy...
#newstr #UsEconomy #Gdp #EconomicGrowth #Inflation #FederalReserve
https://here.news/story/d85b6eb2?ver=0.64
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#d85b6eb2 ver:0.64
The US economy experienced its slowest growth in nearly two years in Q1 2024, with a 1.6% GDP growth rate, falling short of expectations. Inflation surged, with the PCE price index growing at a rate of 3.7%. Despite concerns of stagflation, the US economy still outpaces other advanced economies. The high inflation has strained lower-earning individuals and those on fixed incomes, making it unlikely for the Fed to cut interest rates. Inflation has become a major concern for voters in the upcoming election. #USGDP #Inflation #Economy...
#newstr #UsEconomy #Gdp #EconomicGrowth #Inflation #FederalReserve
https://here.news/story/d85b6eb2?ver=0.64