US economic growth slows but inflation grows
US economic growth slows but inflation grows
www.bbc.com US economic growth slows but inflation grows
The world's largest economy grew less than expected but rising inflation may delay a rate cut.
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So, in Q1 2024, GDP growth in the United States slowed to just 1.6%, which is less than half of the previous quarter's (Q4 2023) 3.4% number. This reading is approximately 50% below Goldman Sachs' expectations. At the same time, the US Core PCE Price Index rose from 2.0% to 3.7%, which suggests that inflation is still on the rise and above estimates of 3.4%. The United States is now entering stagflation territory - the worst possible outcome for the Federal Reserve.
6"Imminent US collapse" articles incoming in... Oh nevermind...
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