US Economic Growth Revised Down to 1.3% in Q1 2024, Consumer Spending Slows
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#2bef6d19 ver:0.58

US economic growth revised down to 1.3% in Q1 2024, with consumer spending slowing. The downward revision in GDP figures reflects a decline in stock investment, increased imports, and decreased consumer spending, exports, and government spending. Despite this, the labor market remains resilient. President Biden faces the challenge of job creation and GDP growth. The Federal Reserve may delay interest rate cuts to address inflation. The prospect of prolonged higher rates has led to increased bond yields. #Economy #GDP #ConsumerSpending #Inflation...

#newstr #UsEconomy #GdpGrowth #ConsumerSpending #Inflation #FederalReserve #HousingMarket #CorporateProfits 

 https://here.news/story/2bef6d19?ver=0.58