US growth slowed sharply last quarter to 1.6% pace
Headline from Anchorage Daily News
The nation’s economy slowed in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.
Anchorage Daily News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The U.S. economy grew at a rate of 1.6% in the first quarter of 2023, according to gross domestic product (GDP) statistics released by the BEA on Thursday.
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
Real GDP increased at an annual rate of 1.6% for the January-through-March period after rising 3.4% in the fourth quarter of 2023, according to the BEA's advance estimate released Thursday.
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.
By Bryan Mena, CNN Washington (CNN) — The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates, but the Federal Reserve has made it c…
The US economy cooled markedly in the first three months this year, expanding less than anticipated as consumer spending and exports decelerated, according to government data released on Thursday.
The U.S. economy as measured by the inflation-adjusted Gross Domestic Product (GDP) grew at an annualized rate of 1.6% in the first quarter, down from 3.4% in the fourth quarter of last year.
Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 1.6% annualized rate during the first quarter.
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 sol
The US growth rate was substantially lower than the 2.4% widely predicted by analysts. The fall in the growth rate comes alongside declining consumer spending and exports.
Washington (CNN) — The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has
The nation's economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.
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 US economy cooled more than expected in the first quarter of the year, but remained solid by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates, but the Federal Reserve has made it clear it’s in no rush to cut rates.
The U.S. economy grew more slowly than expected in the first three months of the year. But consumers are still spending money — especially on services such as travel and restaurant meals.
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
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US growth slowed sharply last quarter to 1.6% pace | Since Then
