US Economy Slows as Inflation Remains High, Raising Concerns of Stagflation
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#b3a188f7 ver:0.85

The US economy grew at a slower pace in Q1 2024, with GDP rising 1.6% compared to the forecasted 2.4%, raising concerns of stagflation. Inflation remained high, with the core PCE price index rising 3.7% in Q1. The market is now pricing in a 56.7% chance of a Fed rate cut in September. Wall Street stocks fell, while the yen hit a 34-year low against the dollar. The US dollar index reversed losses. Investors await the release of the PCE price index for March. Despite weaker GDP, Treasury Secretary Yellen said the economy is "firing on all cylinders." Pending home sales in March beat expectations. #US #economy #GDP #inflation #stagflation #Fed #ratecut #stocks #PCE #home sales...

#newstr #Inflation #FederalReserve #InterestRates #Economy #Spending #Savings #Consumers #WagePressures #CreditDelinquencies 

 https://here.news/story/b3a188f7?ver=0.85