US Industrial Production Stagnates as Factory Output Declines on Nostr: US Economic Growth Revised Down to 1.3% in Q1 2024, Consumer Spending Slows, ...
US Economic Growth Revised Down to 1.3% in Q1 2024, Consumer Spending Slows, Inflation Cools
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#2bef6d19 ver:0.64
US economic growth revised down to 1.3% in Q1 2024, consumer spending slows, inflation cools. GDP expansion lower than expected, driven by downward revision in consumer spending. Services spending increases, while spending on goods declines. Business investment and residential investment contribute positively to growth. Inflation remains high but slightly lower than previous estimate. Job market remains strong. Uncertain outlook for US economy, potential delay in interest rate cuts. Biden struggles to convince voters on economic performance. Demand still strong despite weak GDP figure. Global economy shows signs of contraction. Consumers recalibrating spending habits. Federal Reserve's efforts to cool economy impacting consumer spending. Labor market remains resilient. Slowdown in Q1 attributed to decline in stock investment, increased imports, and decreased consumer spending, exports, and government spending. Biden faces challenge of job creation and GDP growth. Federal Reserve notes increased pessimism and downside risks. Bond prices decline due to possibility of prolonged higher interest rates. GDP slowdown offset by increase in residential fixed investment and accelerated imports. Economy facing challenges and not performing as strongly as anticipated. #Economy #GDP #ConsumerSpending #Inflation #JobMarket #FederalReserve #Biden #GlobalEconomy...
#newstr #UsEconomy #Gdp #ConsumerSpending #Inflation #FederalReserve
https://here.news/story/2bef6d19?ver=0.64
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#2bef6d19 ver:0.64
US economic growth revised down to 1.3% in Q1 2024, consumer spending slows, inflation cools. GDP expansion lower than expected, driven by downward revision in consumer spending. Services spending increases, while spending on goods declines. Business investment and residential investment contribute positively to growth. Inflation remains high but slightly lower than previous estimate. Job market remains strong. Uncertain outlook for US economy, potential delay in interest rate cuts. Biden struggles to convince voters on economic performance. Demand still strong despite weak GDP figure. Global economy shows signs of contraction. Consumers recalibrating spending habits. Federal Reserve's efforts to cool economy impacting consumer spending. Labor market remains resilient. Slowdown in Q1 attributed to decline in stock investment, increased imports, and decreased consumer spending, exports, and government spending. Biden faces challenge of job creation and GDP growth. Federal Reserve notes increased pessimism and downside risks. Bond prices decline due to possibility of prolonged higher interest rates. GDP slowdown offset by increase in residential fixed investment and accelerated imports. Economy facing challenges and not performing as strongly as anticipated. #Economy #GDP #ConsumerSpending #Inflation #JobMarket #FederalReserve #Biden #GlobalEconomy...
#newstr #UsEconomy #Gdp #ConsumerSpending #Inflation #FederalReserve
https://here.news/story/2bef6d19?ver=0.64