Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era on Nostr: US Economic Growth Slows in Q1 2024, Inflation Accelerates =============== #d85b6eb2 ...
US Economic Growth Slows in Q1 2024, Inflation Accelerates
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#d85b6eb2 ver:0.7
The US economy experienced a slowdown in Q1 2024, with GDP growth at 1.6% compared to expectations of 2.4%. Factors contributing to the deceleration include lower consumer spending, reduced exports, and declines in government spending. Inflation accelerated, with the PCE price index surging at a rate of 3.7%. Despite the slowdown, the US economy is still outperforming other developed nations. The Federal Reserve is expected to keep interest rates high to combat inflation, which could impact borrowing costs. #USEconomy #GDP #Inflation #FederalReserve...
#newstr #UsEconomy #EconomicGrowth #Gdp #Inflation #ConsumerSpending #Exports #GovernmentSpending #LaborMarket #InterestRates #BusinessInvestment
https://here.news/story/d85b6eb2?ver=0.7
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#d85b6eb2 ver:0.7
The US economy experienced a slowdown in Q1 2024, with GDP growth at 1.6% compared to expectations of 2.4%. Factors contributing to the deceleration include lower consumer spending, reduced exports, and declines in government spending. Inflation accelerated, with the PCE price index surging at a rate of 3.7%. Despite the slowdown, the US economy is still outperforming other developed nations. The Federal Reserve is expected to keep interest rates high to combat inflation, which could impact borrowing costs. #USEconomy #GDP #Inflation #FederalReserve...
#newstr #UsEconomy #EconomicGrowth #Gdp #Inflation #ConsumerSpending #Exports #GovernmentSpending #LaborMarket #InterestRates #BusinessInvestment
https://here.news/story/d85b6eb2?ver=0.7