Published 10 days ago

US economic growth slows more than expected in first quarter

The US economy had a notable slowdown in the first quarter of this year, with consumer spending and exports decelerating, as per government data.
Growing by 1.6% in Q1, the economy fell short of the expected 2.4% rise, marking a significant drop from the previous quarter and showing the slowest growth since mid-2022.
US consumer spending increased by 2.5%, but there was a downturn in federal government spending. Residential investment remained strong due to high demand and limited resale inventory.

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Reuters

US economic growth slows more than expected in first quarter

U.S. economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.

10 days ago·United Kingdom

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Associated Press News

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

WASHINGTON (AP)— The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth

10 days ago·United States

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abc News

US growth likely slowed last quarter but still pointed to a solid economy

The U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates

11 days ago·United States

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CNN

US economy grew by just 1.6% in the first quarter, a much slower pace than expected

The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates, but the Federal Reserve has made it clear it’s in no rush to cut rates.

10 days ago·Atlanta, United States

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KIFI

US growth likely slowed last quarter but still pointed to a solid economy

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates. The government is expected to report that the gross domestic product grew at a slow but still-decent 2.2% annual pace from January through March. Some economists envision a stronger expansion than that. A fore…

10 days ago·Idaho Falls, United States

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