KEYT on Nostr: US economy slowed more than expected in the first quarter, to a 1.6% rate ========== ...
US economy slowed more than expected in the first quarter, to a 1.6% rate
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The US economy cooled more than expected in the first quarter of 2024, with a growth rate of 1.6%, according to the Commerce Department. This is a significant slowdown from the previous quarter's rate of 3.4% and below the projected rate of 2.2% by economists. The Federal Reserve has indicated that it is not in a hurry to cut interest rates despite the slowing growth. The figures are adjusted for seasonal swings and inflation.
#UsEconomy #EconomicGrowth #InterestRates
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/04/25/us-economy-slowed-more-than-expected-in-the-first-quarter-to-a-1-6-rate/
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The US economy cooled more than expected in the first quarter of 2024, with a growth rate of 1.6%, according to the Commerce Department. This is a significant slowdown from the previous quarter's rate of 3.4% and below the projected rate of 2.2% by economists. The Federal Reserve has indicated that it is not in a hurry to cut interest rates despite the slowing growth. The figures are adjusted for seasonal swings and inflation.
#UsEconomy #EconomicGrowth #InterestRates
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/04/25/us-economy-slowed-more-than-expected-in-the-first-quarter-to-a-1-6-rate/