US GDP Growth Slows to 1.6% in Q1 2024 Amid Rising Inflation, Raising Concerns of a Looming Recession
===============	
#d85b6eb2 ver:0.59

US GDP growth slows to 1.6% in Q1 2024, raising concerns of a recession amid rising inflation. The deceleration is attributed to contracting government spending and underperforming personal consumption. Inflation unexpectedly increased, posing challenges for the Federal Reserve's 'soft landing' strategy. Interest rate cuts in 2024 are becoming unrealistic, impacting financial markets. The US economy may be facing stagflation, but underlying strength in consumer spending and services may delay rate cuts. Despite the slowdown, the US economy outpaces other advanced economies, but cooler economic momentum and high prices are election season concerns....

#newstr #UsEconomy #GdpGrowth #Inflation #Recession #FederalReserve #InterestRates #StockMarket #ConsumerSpending #Imports #BorrowingRates 

 https://here.news/story/d85b6eb2?ver=0.59