US Economy Grows at Slower Pace of 1.6% in Q1 2024, Missing Analyst Expectations Amid Rising Inflation and Stagflation Concerns
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#d85b6eb2 ver:0.83

The US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations. Factors such as rising inflation, stagflation concerns, and a decrease in inventory investment contributed to the slowdown. However, consumer spending on services remained strong, and businesses increased investments in AI. The Federal Reserve is not planning immediate interest rate cuts but may do so if the economy falters. Despite the lower growth, the US economy is still outperforming other developed nations. Biden's approval ratings may decline further due to the combination of lower growth and higher inflation. #USeconomy #GDP #inflation #stagflation...

#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending #Biden'sEconomicScenario #Stagflation #MonetaryPolicy #WageGrowth 

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