US GDP Growth Slows for Second Straight Quarter in Q1 2024 Amidst Decreased Consumer Spending
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#4aa3e0f1 ver:0.28

US GDP growth slows to 1.6% in Q1 2024 due to decreased consumer spending, increased imports, and reduced government spending. Despite this, personal spending remains solid, with services seeing the fastest growth. Inflation rises to 3.4%. The US economy continues to outpace other advanced economies. Stock futures drop, Treasury yields rise, and caution is advised for potential consumer spending pullback. #USGDP #EconomicSlowdown #Inflation #ConsumerSpending...

#newstr #UsGdp #EconomicGrowth #FederalReserve #Inflation #ConsumerSpending 

 https://here.news/story/4aa3e0f1?ver=0.28