US Economy Slows to 1.6% Growth in Q1 2024 Amid High Interest Rates
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#4aa3e0f1 ver:0.21

The US economy slows to 1.6% growth in Q1 2024 due to high interest rates, imports, and reduced inventory investment. Consumer spending remains solid, but stock market reacts negatively. Federal Reserve faces dilemma of easing monetary policy for slower growth or tightening for high inflation. GDP report injects uncertainty into bond and stock markets. Despite the slowdown, the economy remains healthy with employers hiring and workers experiencing wage gains. Recession not anticipated, but further slowing expected. Visa reports strong earnings, but rising credit card debt and delinquencies are concerns. Fed maintains cautious approach to interest rates and inflation control for economic stability. #USEconomy #GDP #InterestRates #Inflation #FederalReserve #StockMarket...

#newstr #UsEconomy #GdpGrowth #ConsumerSpending #InterestRates #Inflation 

 https://here.news/story/4aa3e0f1?ver=0.21