US GDP Rises 1.6% in Q1 2024, Boosted by Services Consumption
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#d85b6eb2 ver:0.76

The US economy grew by 1.6% in Q1 2024, falling short of expectations. Consumer spending slowed, but services consumption remained strong. Inflation surged at a rate of 3.7%, putting pressure on lower-earning individuals. The housing market showed signs of peaking. Despite the slowdown, the US economy outperforms other developed nations. The Federal Reserve is holding interest rates steady. The weak GDP report masks underlying strength, with robust consumer demand. The economy should not be underestimated. #USGDP #economy #inflation #servicesconsumption...

#newstr #UsGdp #ServicesConsumption #Unemployment 

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