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GDP Growth Misses Estimate by 64 Percent, Recession Fears Real newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) — Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a significant slowdown in the world’s largest economy and persistent inflation pressures. Equities got hit across the board, with the S&P 500 extending its April slide as the economic figures fueled “stagflation” jitters, bringing even…