Your current location:HOME >business >US growth likely slowed last quarter but still pointed to a solid economy 正文
TIME:2024-04-25 23:27:03 Source: Internet compilationEdit:business
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.
Utah hockey fans welcome the former Arizona Coyotes to their new home2024-04-25 22:39
Supreme Court to decide on Trump federal prosecution immunity2024-04-25 22:24
Abbey Clancy screams with embarrassment as she's teased over her music career with throwback song2024-04-25 22:18
North Carolina legislature reconvenes to address budget, vouchers as big elections approach2024-04-25 22:14
Maine sheriff's fate rests with governor after commissioners call for his firing2024-04-25 22:03
Rihanna camouflages herself as a TREE in a full body twig suit as she fronts FENTY x Puma campaign2024-04-25 21:58
Met Gala 2024: The theme, who's hosting and what else to know2024-04-25 21:36
Judge OKs phone surveys of jury pool for man charged in 4 University of Idaho student deaths2024-04-25 21:09
McIlroy ready to return to PGA Tour policy board2024-04-25 21:05
Bayer CEO optimistic about expanding Chinese market2024-04-25 20:51
RFK Jr says he loves his family ‘either way’ after relatives endorse Biden2024-04-25 22:52
Leonardo DiCaprio's girlfriend Vittoria Ceretti showcases her jaw2024-04-25 22:52
Kid Cudi says he broke 'something in my heel' after falling off stage during his last2024-04-25 22:46
Emily Blunt gazes adoringly at husband John Krasinski as they grace the red carpet at star2024-04-25 22:17
A look at the Gaza war protests that have emerged on US college campuses2024-04-25 21:58
Kid Cudi says he broke 'something in my heel' after falling off stage during his last2024-04-25 21:57
UEFA picks two video review referees at center of controversy for Euro 2024 duty2024-04-25 21:46
Police clear out a migrant camp in central Paris. Activists say it's a pre2024-04-25 21:33
Edmunds: What you need to know about wrapping your car2024-04-25 21:19
Olympic gold medalist Allisha Gray hopes to be part of US 3x3 team in Paris Games2024-04-25 20:54