US Q1 Growth Slows More Than Expected, Raises Concerns of Stagflation
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#b3a188f7 ver:0.83

US Q1 growth slows more than expected, raising concerns of stagflation. GDP grew at a 1.6% annualized rate, below the forecasted 2.4%. Inflation also higher than expected, with core PCE price index rising 3.7%. Market on high alert for central bank action. Wall Street stocks fell, while yen hit a 34-year low against the dollar. Investors await PCE price index release. Fed warns no rate cut until inflation comes down. US Treasury Secretary says economy "firing on all cylinders." Pending home sales jump 3.4%. US economy grows at slower pace in Q1, but real consumer spending and private business fixed investment remain strong. Unemployment claims low, wage growth exceeds price growth. Inflation eases, but stickier than last year....

#newstr #UsEconomy #EconomicGrowth #Inflation #LaborMarket #PcePriceIndex #Gdp #Stagflation 

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