US Economy Sees Low Growth, High Inflation in Q1

Washington Free Beacon— U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.

www.theyeshivaworld.com—US Growth Slowed Sharply Last Quarter To 1.6% Pace, Reflecting An Economy Pressured By High Rates. 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 — kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services […]

Reading Eagle—US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates. The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers kept spending at a solid pace.

Benzinga—Stagflation Spectre Haunts US Economy: Experts Warn On Slow Growth And Inflation After Fed Officials Float Rate Hike Ideas. The latest GDP and inflation figures have sparked concerns among investors, hinting at a potential economic downturn worse than a recession. read more