US Economy Grows at 1.4% in Q1, Fed Chair Jay Powell Analyzes GDP Report
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#fdaae6e6 ver:0.48

Despite challenges, the US economy grew at a slower pace of 1.4% in Q1 2024, driven by increased private consumption and steady housing investment. Consumer spending growth has decelerated, potentially impacted by higher interest rates. However, the National Retail Federation forecasts retail sales to grow between 2.5% and 3.5% in 2024. Immigration has helped slow inflation by filling open jobs. US retail economic indicators show positive signs, but global challenges exist. The US manufacturing economy shows momentum and optimism, with steady growth and infrastructure spending. However, caution remains about the Federal Reserve's interest rate cuts. Overall, the US retail and manufacturing sectors remain resilient amidst uncertainties. #USeconomy #retail #manufacturing...

#newstr #Gdp #FederalReserve #EconomicAnalysis 

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