US Economy Grows at Slower Rate of 1.6% in Q1 2024, Reflecting High Interest Rates
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#7e5717d6 ver:0.98

The US economy grew at a slower rate of 1.6% in Q1 2024, reflecting high interest rates. Inflation is rising, with prices increasing at 3.5% YoY in March. The Federal Reserve has raised its federal funds rate to 5.25% to cool the economy. Despite slower growth, the economy remains resilient, supported by a flexible job market and stimulus package. The US Federal Reserve is expected to start cutting interest rates in September. The IMF expects a 2.7% expansion for the US economy this year. The GDP data caused negative market reactions, with benchmark indexes tumbling. #US #economy #GDP #inflation #interestrates...

#newstr #UsEconomy #GdpGrowth #InterestRates #ConsumerSpending #Inflation #FederalReserve 

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