US Economy Grows at Slowest Pace in Nearly Two Years in Q1 2024 as Inflation Rises, Biden Acknowledges More Work Needed
===============	
#7e5717d6 ver:1.52

The US economy grew at its slowest pace in nearly two years in Q1 2024, with GDP increasing at a 1.6% rate, lower than expected. Inflation also rose, with prices jumping 3.7%. The combination of slower growth and increased inflation has raised concerns of stagflation. Despite challenges, Treasury Secretary Janet Yellen insists the economy is performing well. President Biden acknowledges the need for more work in the economy. The Federal Reserve is concerned about rising inflation as it considers whether to cut interest rates. The Q1 GDP slowdown led to a selloff on Wall Street and a climb in bond yields. #US #economy #GDP #inflation #stagflation #FederalReserve #Biden #JanetYellen...

#newstr #UsEconomy #Q1GdpReport #JoeBiden #Inflation #FederalReserve 

 https://here.news/story/7e5717d6?ver=1.52