US Economic Growth Slows to Lowest Rate in Two Years as Inflation Surges, Raising Concerns About Rate Cuts
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#d85b6eb2 ver:0.4

US economic growth slows to lowest rate in 2 years, raising concerns about rate cuts. Q1 GDP rises 1.6%, below estimates. Inflation surges, with core PCE price index at 3.7%. Fed hopes for inflation fade to cut rates, but traders see 60% chance of rate cut in Sept. Weak GDP data has caveats, indicating underlying strength. Conflicting data on growth and inflation pose challenges for Fed. #Economy #Inflation #RateCuts...

#newstr #UsEconomy #EconomicGrowth #Inflation #Gdp #PcePriceIndex #FederalReserve #InterestRates 

 https://here.news/story/d85b6eb2?ver=0.4