US Economic Growth Slows to 1.3% in Q1 2024 Amidst Inflationary Concerns
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#2bef6d19 ver:0.46

US economic growth slows to 1.3% in Q1 2024, with consumer spending and exports decelerating. Inflation remains a concern as consumer prices rise at a 3.3% annual pace. Despite the slowdown, the job market remains strong. The Federal Reserve may delay interest rate cuts to address inflation. President Biden faces challenges in convincing voters of his economic performance. The downward revision in GDP figures reflects higher borrowing costs and inflationary pressures. #Economy #GDP #Inflation #JobMarket...

#newstr #UsEconomy #Gdp #ConsumerSpending #Inflation #JoblessClaims 

 https://here.news/story/2bef6d19?ver=0.46