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Economic Growth, Consumer Spending
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the government said in a downgrade from its previous estimate
US Q1 Economic Growth Downwardly Revised To 1.3%: Consumer Spending Falters
US Q1 2024 economic growth was upwardly revised to 1.7% with higher inflation, while jobless claims rose to 220,000, slightly above expectations.
Consumers curb US economic growth in first quarter, inflation cools
The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates at least once before the end of the year.
3d
on MSN
US inflation up moderately in April, consumer spending weakens
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
The Daily Signal
4d
US Economy in Worse Shape Than Economists Thought
GDP is revised from 1.6% to 1.3% year-over-year in a sign that the economy is not as strong as initial estimates indicated.
4d
Stock market today: US stocks extend losses ahead of new inflation data
Investors will get a fresh inflation reading, with implications for Fed policy as the markets heads into summer.
3d
Canada Economy Grew 1.7% in First Quarter, Missing Forecasts
The Canadian economy expanded less than expected in the first quarter, with weak inventory growth offsetting strong ...
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