Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
(CNBC doesn't usually do these as "live updates" but they decided to do so today... 
)
US GDP Growth Slows to 1.6% While Core Inflation Accelerates
By Molly Smith
April 25, 2024 at 8:34 AM EDT
Updated on April 25, 2024 at 8:41 AM EDT
The US economy grew last quarter at the slowest pace in two years as consumer and government spending cooled amid a sharp pickup in inflation.
Gross domestic product increased at a 1.6% annualized rate, below all economists’ forecasts, the government’s initial estimate showed.
A wider trade deficit subtracted the most from growth since 2022. The economy’s main growth engine — personal spending — rose at a slower-than-forecast 2.5% pace.
A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7% clip, the first quarterly acceleration in a year, the Bureau of Economic Analysis report showed Thursday.
(snip)
https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts
By Molly Smith
April 25, 2024 at 8:34 AM EDT
Updated on April 25, 2024 at 8:41 AM EDT
The US economy grew last quarter at the slowest pace in two years as consumer and government spending cooled amid a sharp pickup in inflation.
Gross domestic product increased at a 1.6% annualized rate, below all economists’ forecasts, the government’s initial estimate showed.
A wider trade deficit subtracted the most from growth since 2022. The economy’s main growth engine — personal spending — rose at a slower-than-forecast 2.5% pace.
A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7% clip, the first quarterly acceleration in a year, the Bureau of Economic Analysis report showed Thursday.
(snip)
https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts
Edit history
Please sign in to view edit histories.
14 replies
= new reply since forum marked as read
= new reply since forum marked as read
