US Economic Growth Slows as Inflation Rates Rise in Q1 2024
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#7e5717d6 ver:1.47
US economic growth slows to 1.6% in Q1 2024, below forecasted 2.5%, while inflation rises by 3.4%. Consumer spending moderates, but job gains and consumer spending are expected to support the economy. Inflation concerns impact Wall Street, with stock market decline. Critics blame President Biden for high inflation, impacting re-election campaign. Economists remain optimistic for a rebound in GDP growth next quarter. #Economy #Inflation #GDP #StockMarket #Biden...
#newstr #UsEconomy #GdpGrowth #Inflation #ConsumerSpending #FederalReserve #JoeBiden #2024PresidentialElection
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