U.S. Growth Slowed in First Quarter, but Inflation Remained a Bug
4/25/24
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from The New York Times,
4/25/24:
The U.S. economy remained resilient early this year, with a strong job market fueling robust consumer spending. The trouble is that inflation was resilient, too.
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate, but the report also included more evidence that the Federal Reserve’s efforts to tame price increases have stalled.
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