Your current location:HOME >travel >US growth likely slowed last quarter but still pointed to a solid economy 正文
TIME:2024-04-26 01:23:37 Source: Internet compilationEdit:travel
WASHINGTON (AP) — Coming off a robust end to 2023, the U.S. economy is thought to have extended its
WASHINGTON (AP) — Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates.
The Commerce Department is expected to report Thursday that the gross domestic product — the economy’s total output of goods and services — grew at a slow but still-decent 2.2% annual pace from January through March, according to a survey of forecasters by the data firm FactSet.
Some economists envision a stronger expansion than that. A forecasting model issued by the Federal Reserve Bank of Atlanta points to a first-quarter annual pace of 2.7%, propelled by a 3.3% increase in consumer spending, the principal driver of economic growth.
Either way, the economy’s growth is widely expected to have decelerated from the vigorous 3.4% annual pace of October through December. The slowdown reflects, in large part, the much higher borrowing rates for home and auto loans, credit cards and many business loans that have resulted from the 11 interest rate hikes the Federal Reserve imposed in its drive to tame inflation.
DEI bans: Conservative quest to limit diversity programs gains momentum2024-04-26 01:12
Movie Review: ‘Food, Inc. 2’ revisits food system, sees reason for frustration and (a little) hope2024-04-26 01:08
Falter beats former team, leads Pirates over Phillies 52024-04-26 00:58
Project to shore up Pompeii yields stunning black banquet hall, with frescoes of Trojan War figures2024-04-26 00:40
Twins' Castro hits birthday homer, lifts Minnesota to 62024-04-26 00:33
Posthumous memoir by Russian opposition leader Alexei Navalny to be published Oct. 222024-04-26 00:12
Review: 'Ghostbusters: Frozen Empire' clears a low bar2024-04-25 23:43
Posthumous memoir by Russian opposition leader Alexei Navalny to be published Oct. 222024-04-25 23:28
Josef Newgarden’s win in IndyCar’s season2024-04-25 22:58
Total solar eclipse: What's the path and what to know for Monday April 82024-04-25 22:45
Bella Hadid is fact2024-04-26 01:19
April's total solar eclipse promises to be the best yet for experiments2024-04-26 01:13
China sanctions 2 US defense companies and says they support arms sales to Taiwan2024-04-26 01:00
Posthumous memoir by Russian opposition leader Alexei Navalny to be published Oct. 222024-04-26 00:17
Russia likely to veto a UN resolution calling for prevention of nuclear arms race in space2024-04-26 00:07
Will the Federal Reserve cut interest rates? With a robust US economy, it might not need to2024-04-25 23:47
Russia aborts planned test launch of new space rocket2024-04-25 23:44
Why don't humans have tails? A genetic mutation offers clues2024-04-25 23:42
China completes selection of about 38,000 local gov't special bond projects2024-04-25 23:28
Movie Review: ‘Food, Inc. 2’ revisits food system, sees reason for frustration and (a little) hope2024-04-25 22:37