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 ...
US Economy Grows at Slower Pace of 1.6% in Q1 2024, Missing Analyst Expectations
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#d85b6eb2 ver:0.8
The US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations of 2.2%. Factors like increased imports and decreased inventory investment contributed to the deceleration. However, consumer spending on services remained strong, and businesses increased investments in AI. The Federal Reserve is cautious about cutting interest rates, but economists believe the US economy is still outperforming other developed nations. Despite the slowdown, a recession is not expected this year. #USEconomy #GDP #ConsumerSpending #FederalReserve #EconomicOutlook...
#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending
https://here.news/story/d85b6eb2?ver=0.8
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#d85b6eb2 ver:0.8
The US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations of 2.2%. Factors like increased imports and decreased inventory investment contributed to the deceleration. However, consumer spending on services remained strong, and businesses increased investments in AI. The Federal Reserve is cautious about cutting interest rates, but economists believe the US economy is still outperforming other developed nations. Despite the slowdown, a recession is not expected this year. #USEconomy #GDP #ConsumerSpending #FederalReserve #EconomicOutlook...
#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending
https://here.news/story/d85b6eb2?ver=0.8