Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era on Nostr: US Economic Slowdown Continues, Government Reports =============== #d85b6eb2 ver:0.69 ...
US Economic Slowdown Continues, Government Reports
===============
#d85b6eb2 ver:0.69
The US economy experienced a slowdown in the first quarter of 2024, with GDP growth at 1.6% compared to expectations of 2.4%. Factors include lower consumer spending, reduced exports, and declines in government spending. Despite this, the US economy is still outperforming other developed nations. Inflation is high at 3.7%, impacting lower-income individuals. The housing market shows signs of peaking, and there is uncertainty about future inflation and interest rates. The Federal Reserve is holding interest rates steady until inflation decreases sustainably. #USEconomy #GDP #Inflation #InterestRates...
#newstr #UsEconomy #GrossDomesticProduct #FederalReserve #InterestRates #Inflation
https://here.news/story/d85b6eb2?ver=0.69
===============
#d85b6eb2 ver:0.69
The US economy experienced a slowdown in the first quarter of 2024, with GDP growth at 1.6% compared to expectations of 2.4%. Factors include lower consumer spending, reduced exports, and declines in government spending. Despite this, the US economy is still outperforming other developed nations. Inflation is high at 3.7%, impacting lower-income individuals. The housing market shows signs of peaking, and there is uncertainty about future inflation and interest rates. The Federal Reserve is holding interest rates steady until inflation decreases sustainably. #USEconomy #GDP #Inflation #InterestRates...
#newstr #UsEconomy #GrossDomesticProduct #FederalReserve #InterestRates #Inflation
https://here.news/story/d85b6eb2?ver=0.69