U.S. economy grew at 1.6 percent annual rate in first quarter 2024, a sharp slowdown
The U.S. economy likely extended its recent boom, albeit at a slower clip, in the first three months of the year, fueled by free-spending Americans who have continued to shell out despite inflation. New gross domestic product data out this morning from the Bureau of Economic Analysis is expected to show the economy grew at an annualized rate of 2.