US Economy Grows at Slower Pace of 1.6% in Q1 2024, Falling Short of Expectations
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#d85b6eb2 ver:0.79

The US economy grew at a slower pace of 1.6% in Q1 2024, falling short of expectations. Factors such as increased imports and decreased inventory investment contributed to the deceleration. However, consumer spending on services remained strong, and businesses increased investments in AI. The Federal Reserve is cautious about cutting interest rates, but economists believe the US economy is still outperforming other developed nations. Despite the weak GDP report, underlying strength in consumer demand should not be underestimated. #USEconomy #GDP #ConsumerSpending...

#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation 

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