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Published 10 days ago

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

Summary by Red Bluff Daily News
By PAUL WISEMAN (AP Economics Writer) WASHINGTON (AP) — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated in the January-March quarter from its brisk 3.4% growth ra…

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abc Newsabc News

US growth slowed sharply last quarter to 1.6% rate, reflecting an economy pressured by high rates

US growth slowed sharply last quarter to 1.6% rate, reflecting an economy pressured by high rates

10 days ago·United States
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NZ HeraldNZ Herald

US growth slowed sharply last quarter

The US economy slowed sharply last quarter to a 1.6 per cent annual pace in the face of high interest rates, but consumers — the main driver of economic...

10 days ago·Auckland, New Zealand
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Star AdvertiserStar Advertiser

U.S. growth slowed sharply last quarter to 1.6% | Honolulu Star-Advertiser

WASHINGTON >> The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.

10 days ago·Honolulu, United States
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Boston HeraldBoston Herald

U.S. growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

The nation's economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers kept spending at a solid pace.

10 days ago·Boston, United States
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Elora Fergus TodayElora Fergus Today

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

WASHINGTON (AP) — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.

10 days ago
Read Full Article
KFOR FM 103.3 1240 AMKFOR FM 103.3 1240 AM

US Growth Slowed Sharply Last Quarter To 1.6% Pace - KFOR FM 101.5 1240 AM

WASHINGTON (AP) — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. The gross domestic product — the economy’s total output of goods and services — decelerated from its brisk 3.4% growth rate in the final three months of 2023. A surge in imports, which are subtracted from GDP, reduced first-quarter growth b…

10 days ago
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