US Economy Grows 2 Percent In First Quarter
The United States economy grew by 2% during the first three months of the year. The previous period's growth was hindered by a six-week government shutdown. Analysts suggest growth could slow to 1 percent in the coming months. High gasoline prices averaging over $4 per gallon nationally may lead to cuts in discretionary spending. Such spending reductions could act as a drag on the broader economy during May and June. economy grew at an annualized rate of 2 percent during the first quarter, according to the Bureau of Economic Analysis. Commerce Department reported this morning that the economy grew at an annual rate of 2% during January, February, and March. Spending by wealthy families, driven by high stock market values and home equity, is a primary driver of this growth. The report notes that wartime price hikes began impacting the economy in the latter part of the quarter.
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Sources · 7 independent
“The U.S. economy grew 2% in the first three months of the year, slightly up from earlier periods, but still short of expectations. Inflation continued to clock in above the Federal Reserve's target, coming in at 4.5%.”
“Inflation continued to clock in above the Federal Reserve's target, coming in at 4.5%.”
“The U.S. economy grew 2% in the first three months of the year, slightly up from earlier periods, but still short of expectations.”
“The government says the economy grew at a 2 percent pace between January and March. A key inflation gauge reached a three-year high.”
“The government says the economy grew at a 2% annual rate in the first quarter of the year”
“The government says the economy grew at a 2% annual rate in the first quarter of the year and consumer prices were up last month 3.5% from one year ago”
“The Commerce Department reports modest growth at a rate of 2 percent in the first quarter.”
“The Commerce Department reports modest growth at a rate of 2% in the f-”
“Department reports modest growth at a rate of 2% in the f-”
“The U.S. economy grew 2 percent in the first three months of this year, slightly up from earlier periods, but still short of expectations. Inflation continued to clock in above the Federal Reserve's target, coming in at 4.5 percent.”
“The U.S. economy grew 2 percent in the first three months of this year, slightly up from earlier periods, but still short of expectations.”
“They have managed to keep growing despite the war the latest stats show them growing at a annualized rate of 2% which was a little bit below expectations”
“the latest stats show them growing at a annualized rate of 2% which was a little bit below expectations”
“The U.S. economy grew at an annualized rate of 2% in the first quarter. That is an increase from the half percent growth it was showing at the end of last year.”
“The economy grew during the first quarter with the Commerce Department saying the GDP came in at 2%. And AI helped fuel some of that business spending up 17%.”
“The U.S. economy He grew at an annual rate of 2% in the first three months of the year. That's a little bit slower than forecasters had expected”
“The U.S. economy grew at an annual rate of 2 percent in the first three months of the year. That's a little bit slower than forecasters had expected”
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