US Economic Growth Revised Down to 1.3% in Q1 2024 Amidst Inflationary Concerns
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#2bef6d19 ver:0.5

The US economy grew at a sluggish 1.3% annual pace in Q1 2024, the weakest quarterly rate since 2022. Consumer spending rose but at a slower pace, indicating pressure from high interest rates and inflation. Imports surged and business inventories reduced, contributing to the slowdown. Inflation rose to 3.3% annually. Despite resilience, signs of weakening are emerging, such as falling behind on credit card bills and slowing hiring. The Federal Reserve has delayed rate cuts due to persistent inflation. #US #economy #GDP #inflation #consumer #spending...

#newstr #UsEconomy #Gdp #Inflation #FederalReserve #ConsumerSpending 

 https://here.news/story/2bef6d19?ver=0.5