US Economy Contracts By 0.2% In Q1, Labor Market Shows Signs Of Cracks As Jobless Claims Surge - NVIDIA (NASDAQ:NVDA)

Video US economy contracts 0.2% amid Trump tariffs

ABC News’ Alexis Christoforous reports on lates economic numbers as President Donald Trump’s tariffs continue to play out.

Imports Drag U.S. GDP Down, Jobless Claims Climb Amid Housing Woes

The U.S. Bureau of Economic Analysis and Department of Labor released key economic data today, signaling caution for American businesses and consumers. The second revision of Q1 2025 GDP shows a 0.2% annualized contraction, better than the initial 0.3% decline. A surge in imports, as firms stockpiled goods before tariffs, fueled this downturn, despite robust […]

US Economy Contracts By 0.2% In Q1, Labor Market Shows Signs Of Cracks As Jobless Claims Surge - NVIDIA (NASDAQ:NVDA)

The downturn was largely driven by a spike in imports, as companies raced to secure goods ahead of Donald Trump's trade tariffs—a factor that subtracts from GDP in its calculation.

WASHINGTON.-The U.S. economy contracted at an annual rate of 0.2% from January to March, the first fall in three years, while President Donald Trump's trade wars interrupted business, the government reported Thursday in a slight upward revision of its initial estimate.The growth of the first quarter was affected by an increase in imports while companies in the U.S. rushed to bring foreign goods before the president imposed huge import taxes.

Market Analysis 5.29.25 Some Important Data - Team Noble

Bonds got an early boost from weakening economic data. Fed mins showed no changes. Re-privatizing Fannie Mae & Freddie Mac could impact our industry. #Realtor

US: A Surge in Imports Leaves a Big Mark on Q1 GDP  - Action Forex

The second release of first quarter real GDP growth was left broadly unchanged, showing a very modest contraction of 0.2% quarter-over-quarter annualized (previously -0.3%) – a tenth below the consensus forecast. Recall, this is a notable deceleration from the 2.9% annualized rate of expansion averaged over the prior two quarters and is the first quarterly […] The post US: A Surge in Imports Leaves a Big Mark on Q1 GDP  appeared first on Action …