US Economy Slows in Q1 2024 as Inflation Flares Up, Posing Challenges for the Federal Reserve
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#d85b6eb2 ver:0.57

The US economy slows in Q1 2024, with GDP growth at 1.6% and inflation flaring up, posing challenges for the Federal Reserve. The slowdown is attributed to contracting government spending and underwhelming personal consumption. The Fed faces a policy dilemma as it aims to control inflation while stimulating economic growth. Financial markets react with lower S&P 500 futures and rising bond yields. The Fed's decision-making will depend on consumer price and employment reports. Some economists warn of stagflation. Despite caveats, economists still expect rate cuts this summer. The conflicting data affects spending, investment, and economic confidence. #USeconomy #inflation #FederalReserve...

#newstr #UsEconomy #Gdp #Inflation #FederalReserve #InterestRates #StockMarket #Unemployment #Elections 

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