US GDP Rose 1.6% in the First Quarter of 2024, Far Below the Forecast
The US economy began 2024 with cooler growth than the forecast. In the first quarter of this year, real GDP rose at an annualized rate of 1.6%.
Source: businessinsider.com
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US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
Fresh data released Thursday morning showed that he US economy's growth slowed to 1.6% in the first three months of 2024, sending markets into a tailspin.
Source: nypost.com
GDP growth slows to 1.6% in first quarter as higher interest rates bite
Consumers kept spending at a solid pace, but overall, the economy's “momentum is cooling," said one economist.
Source: fortune.com
Weak economic growth and hot inflation—it's the 'worst of both worlds'
David Donabedian, CIO of CIBC Private Wealth U.S., warned the spike in core inflation seen in the latest GDP report is a major setback for the economy.
Source: fortune.com
Amid high interest rates, U.S. growth slowed to 1.6% last quarter
The nation’s economy slowed sharply last quarter, but consumers — the main driver of economic growth — kept spending at a solid pace.
Source: latimes.com