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U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Posted inCommerce Department Consumer Behavior Federal Reserve System Gross Domestic Product Interest Rates Prices (Fares, Fees and Rates) United States United States Economy

U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.
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Posted by By Ben Casselman
U.S. Economy Grew at 1.6% Rate in First Quarter Slowdown
Posted inCommerce Department Consumer Behavior Federal Reserve System Gross Domestic Product Interest Rates Prices (Fares, Fees and Rates) United States United States Economy

U.S. Economy Grew at 1.6% Rate in First Quarter Slowdown

Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.
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Posted by By Ben Casselman
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
Posted inBanking and Financial Institutions Centeno, Mario European Central Bank Eurozone Federal Reserve System Inflation (Economics) Interest Rates United States Economy

Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed

European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.
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Posted by By Eshe Nelson
High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed
Posted inBiden, Joseph R Jr Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Presidential Election of 2024 Trump, Donald J United States Economy United States Politics and Government

High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed

Polls show voters are angry about costs, like mortgages, and worried they will stay high if the president wins re-election.
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Posted by By Jim Tankersley and Jeanna Smialek

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