Worst of Both Worlds: U.S. Economic Growth Slows as Inflation Rates Rise
by Americans for Tax Reforms
Americans for Tax Reforms— Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
CNBC—U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes. The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran's oil exports
NBC News—Pace of economic growth slows as inflation remains stubborn. Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
RussiaFeed—Biden Brags About U.S. Economy, Which Has Low Growth-Rate. Eric Zuesse (blogs at https://theduran.com/author/eric-zuesse/) “One of the reasons why our economy is growing is because of you and many others. Why? Because we welcome immigrants. We look to — the reason — look, think about it. Why is China stalling so badly economically? Why is Japan having trouble? Why is Russia? Why is India? […]