U.S. economic growth dipped below 2 percent during the first quarter for the first time in more than a year and a half, ...
"The workhorse of the US economy remains the consumer, and there's really not much sign of a slowdown," Carson Group said.
That is well below the 2.2% consensus forecast and comes after a string of hotter-than-expected GDP reports dating back to last fall. “The increase in the first quarter primarily reflected ...
That compares to consensus economist estimates of about 2.5% growth in GDP, which measures the aggregate value of all American goods and services produced in the period. It’s well below 2023’s ...
"We knew the economy was weaning itself off government support, we just didn’t figure that would cause GDP to drop this quickly,” writes Robert Frick, corporate economist with Navy Federal ...
GDP has grown by at least 2% per quarter since the second half of 2022, capped off by a frothy 4.9% reading last fall. A seventh straight increase of 2% or more would mark the best streak in two ...
The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period, missing the 2.5% growth ...
STOCK SELL-OFF HAS 'FURTHER TO GO,' JPMORGAN WARNS Consumer spending, which accounts for about two-thirds of GDP, moderated during the first quarter. It rose 2.5% for the period, down from the 3.3 ...
In what is likely to be a busy week on the political and economic fronts, investors and economists will learn how strong the U.S. economy is at the moment as well as how persistent inflation is ...
Most economists, politicians and businesses like to see gross domestic product (GDP) overall rising steadily ... which is defined as when an economy shrinks for two three-month periods in a ...
China’s economy grew faster than expected in the first three months of the year, a boost for policymakers grappling with a property-sector crisis, weak consumer demand and mounting government debt.