US Economic Growth Slows in Q1 2024, Inflation Remains a Concern
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#7e5717d6 ver:1.21

US economic growth slows in Q1 2024, with GDP rising only 1.6% YoY, missing expectations. Inflation remains a concern, with the PCE price index increasing by 3.7%. Despite the slowdown, consumer spending and investments support the economy. The high inflation rate poses challenges for President Biden's re-election campaign. The Fed faces a dilemma as growth slows and inflation rebounds, causing market uncertainty. The economy remains on a solid path, but interest rates are not fully taming inflation. The slowdown may impact businesses, international trade, and equipment spending. The IMF warns that inflation is taking longer than expected to reach the Fed's target. Rate cuts are expected later this year due to persistent inflation. #Economy #Inflation #Growth #Fed #Biden #MarketUncertainty...

#newstr #UsEconomy #EconomicGrowth #FirstQuarter #ConsumerSpending #Exports #GovernmentSpending #PresidentBiden #Inflation #InterestRates 

 https://here.news/story/7e5717d6?ver=1.21