US economic growth slows to 1.6% in first quarter
The fall in the growth rate comes alongside declining consumer spending and exports.The US economy grew less than anticipated in the first quarter of 2024, the Commerce Department said on Thursday. The US' economic performance is likely to be a major campaign issue as President Joe Biden seeks re-election in November in a rematch against his
Real GDP increased at an annual rate of 1.6% for the January-through-March period after rising 3.4% in the fourth quarter of ...
US economy disappointed in growth, but inflation exceeded predictions, causing stagflation. Experts warn of negative impact ...
US job growth slowed more than analysts anticipated in April while unemployment crept up, government data showed Friday, signaling that the labor market is cooling though still relatively resilient.
WASHINGTON, April 25 (Reuters) - The U.S. economy grew at its slowest pace in nearly two years in the first quarter amid a surge in imports and small build-up of unsold goods at businesses, signs ...
US job growth was markedly below analyst expectations in April while unemployment crept up, government data showed on Friday, ...
The US economy cooled markedly in the first three months this year, expanding less than anticipated as consumer spending and exports decelerated, according to government data released on Thursday.
US job growth slowed more than expected in April and the increase in annual wages fell below 4.0 percent for the first time in nearly three years, ...
Since March 2022 the Fed has raised its policy rate by 525 basis points. Following news last week that economic growth ...
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