Consumer Spending Remains Strong Despite Slowing Economic Growth
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#4aa3e0f1 ver:0.36

Despite a slowdown in economic growth, consumer spending in the US remains strong. GDP grew at a slower rate of 1.6% in Q1 2024, but final sales to private domestic purchasers rose by 3.1%. Personal spending increased by 2.5%, driven by higher spending on services. The US economy is resilient, supported by a solid job market and continued consumer and business spending. Inflation increased to 3.4%, leading to the expectation that the Federal Reserve will delay a rate reduction. Massachusetts also experienced sluggish growth, but economists predict steady growth throughout the year. #ConsumerSpending #EconomicGrowth...

#newstr #UsEconomy #Gdp #ConsumerSpending #RetailSales #Inflation #FederalReserve 

 https://here.news/story/4aa3e0f1?ver=0.36