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US Inflation:

March Key TakeawaysCore CPI Tops ForecastsHow Pros Misread the EconomyWhere
Inflation Is HighestHow Fed Measures Inflation
BackForward
Economics


US ECONOMY SLOWS AND INFLATION JUMPS, DAMPING SOFT-LANDING HOPES

 * GDP advances an annualized 1.6%, slower than all projections
 * First-quarter core inflation measure accelerates to 3.7% rate

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US Economic Growth Slows to 1.6%, Below All Forecasts
US Economic Growth Slows to 1.6%, Below All Forecasts




US Economic Growth Slows to 1.6%, Below All Forecasts
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By Molly Smith
April 25, 2024 at 2:34 PM GMT+2
Updated on
April 25, 2024 at 3:35 PM GMT+2
BookmarkSave

US economic growth slid to an almost two-year low last quarter while inflation
jumped to uncomfortable levels, interrupting a run of strong demand and muted
price pressures that had fueled optimism for a soft landing.

Gross domestic product increased at a 1.6% annualized rate, below all
economists’ forecasts, the government’s initial estimate showed. The economy’s
main growth engine — personal spending — rose at a slower-than-forecast 2.5%
pace. A wider trade deficit subtracted the most from growth since 2022.

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