US Economy Slows to 1.6% Growth in Q1 2024 Amid High Interest Rates
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#4aa3e0f1 ver:0.2

The US economy slows to 1.6% growth in Q1 2024 due to high interest rates, falling short of expectations. Despite the slowdown, consumer spending remains solid. Stock market reacts negatively, raising concerns about the Federal Reserve's monetary policy. Slower growth may warrant easing, but high inflation may require further tightening. Government spending and spending on goods decrease, while spending on services increases. The GDP report injects uncertainty into bond and stock markets. #USEconomy #GDP #Inflation #FederalReserve...

#newstr #UsEconomy #GrossDomesticProduct #Inflation #FederalReserve #InterestRates #StockMarket #ConsumerSpending 

 https://here.news/story/4aa3e0f1?ver=0.2