US economy grows at 1.6% annual pace in first quarter, falling short of estimates while inflation increases

[Anonymous]

https://finance.yahoo.com/news/gdp-us-economy-grows-at-16-annual-pace-in-first-quarter-falling-short-of-estimates-while-inflation-increases-123328820.html

The US economy grew at its slowest pace in nearly two years last quarter as inflation topped Wall Street estimates.

The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period, missing the 2.5% growth expected by economists surveyed by Bloomberg.


Meanwhile, the "core" Personal Consumption Expenditures index, which excludes the volatile food and energy categories, grew by 3.7% in the first quarter, above estimates of 3.4% and significantly higher than 2% gain in the prior quarter.

very disappointing numbers.

[Anonymous]

Four more years! Pause!

[Anonymous]

Bidenomics

[Anonymous]

Nothing is Built

Nothing is Back

Nothing is Better

[jsteele]

https://www.dcurbanmom.com/jforum/posts/list/1019886.page