US Q1 2024 GDP Growth Slows Below 2%, Inflation Remains a Concern
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#7e5717d6 ver:1.34

US Q1 2024 GDP growth slows to 1.6%, below expectations, as inflation remains a concern. Personal spending and government spending cooled, while inflation rose. The high inflation rate is impacting Wall Street and could impact President Biden's re-election campaign. Despite the slowdown, the economy is still expanding above the ideal rate. The IMF upgraded its growth forecast. Inflation is causing uncertainty about Federal Reserve rate cuts. The economy remains on a solid path, but interest rates are not fully taming inflation. The slowdown could have implications for Biden's campaign....

#newstr #UsEconomy #GdpGrowth #Inflation #FederalReserve #StockMarket #JobGains #2024PresidentialElection 

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