US Industrial Production Stagnates as Factory Output Declines on Nostr: US Economy Had Even Worse Q1 Performance Than Originally Believed =============== ...
US Economy Had Even Worse Q1 Performance Than Originally Believed
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#2bef6d19 ver:0.65
The US economy had a worse Q1 performance than originally believed, with GDP growth at 1.3% instead of 1.6%. Consumer spending was revised downward, with a decline in spending on goods but an increase in services. Business investment and residential investment contributed positively to growth. Inflation remained high, but the labor market remained strong. The outlook for the US economy is uncertain, and the Federal Reserve may delay interest rate cuts. President Biden is struggling to convince voters of his economic performance. The global economy is also showing signs of contraction. #USEconomy #GDP #ConsumerSpending #Inflation #LaborMarket #FederalReserve...
#newstr #UsEconomy #Gdp #ConsumerSpending #Inflation #JoblessClaims #JoeBiden #ElectionYear
https://here.news/story/2bef6d19?ver=0.65
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#2bef6d19 ver:0.65
The US economy had a worse Q1 performance than originally believed, with GDP growth at 1.3% instead of 1.6%. Consumer spending was revised downward, with a decline in spending on goods but an increase in services. Business investment and residential investment contributed positively to growth. Inflation remained high, but the labor market remained strong. The outlook for the US economy is uncertain, and the Federal Reserve may delay interest rate cuts. President Biden is struggling to convince voters of his economic performance. The global economy is also showing signs of contraction. #USEconomy #GDP #ConsumerSpending #Inflation #LaborMarket #FederalReserve...
#newstr #UsEconomy #Gdp #ConsumerSpending #Inflation #JoblessClaims #JoeBiden #ElectionYear
https://here.news/story/2bef6d19?ver=0.65