_us-economic-growth-revised-down-to-1-3-in-q1-consumer-spending-slows.jpg "US Economic Growth Revised Down to 1.3% in Q1, Consumer Spending Slows from wwf smack down Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:44
👁 View: 24.1M times
✓ Published: 01-Jun-2024
👁 View: 24.1M times
✓ Published: 01-Jun-2024
Description:
US economic growth in the first quarter was revised down slightly from an initial estimate of 1.6% to 1.3% on an annualized basis. Consumer spending, a key driver of growth, increased slower than previously estimated as spending on goods declined. Inflation remained elevated above a 3% annual rate, driven partly by higher energy and food costs. Core inflation rose to 3.6%. Services spending growth remained solid at 3.9%, the strongest since mid-2021. The outlook remains uncertain as inflation exceeds the Fed's 2% target, potentially delaying planned rate cuts.
US economic growth in the first quarter was revised down slightly from an initial estimate of 1.6% to 1.3% on an annualized basis. Consumer spending, a key driver of growth, increased slower than previously estimated as spending on goods declined. Inflation remained elevated above a 3% annual rate, driven partly by higher energy and food costs. Core inflation rose to 3.6%. Services spending growth remained solid at 3.9%, the strongest since mid-2021. The outlook remains uncertain as inflation exceeds the Fed's 2% target, potentially delaying planned rate cuts.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_18-game-of-love-2022-english-movie.webp "18+ Game of Love (2022) English Movie")
_paul-heyman-tells-kevin-owens-he39s-afraid-of-the-bloodline-124-smackdown-highlights-5-41-24-wwe-on-usa.webp "WWE on USA")
Paul Heyman tells Kevin Owens He's Afraid of The Bloodline | SmackDown Highlights 5 41 24 WWE on USA
⏲ 13 minutes 2 seconds 👁 214.4K
_diy-are-focused-on-becoming-wwe-tag-team-champions-smackdown-lowdown-may-31-2024.webp "WWE")
⏲ 4 minutes 19 seconds 👁 13.1K
_ary-news-4-pm-headlines-29th-may-2024-124-pti-founders-big-decision.webp "#imrankhan #PunjabCabinet #lahorehighcourt #headlines <br/><br/>Petrol prices likely to drop again in Pakistan<br/><br/>A great loss to the Muslim World<br/><br/>Ahmed Farhad arrested, in Kashmir police custody, IHC informed<br/><br/>Khawar Maneka ‘attacked’ by lawyers’ outside court<br/><br/>Eidul Azha 2024 to fall on THIS date in Pakistan<br/><br/>PTI’s Sher Afzal Marwat meets Ishratul Ibad to reduce political tension<br/><br/>China hosts Arab leaders at forum aimed at deepening ties<br/><br/>Karachi: Heatwave conditions likely to persist till June 1st<br/><br/>LHC declare ECP’s vote recounting decision in NA-97 as void<br/><br/>IMF wants Pakistan to impose tax on stationery items<br/><br/>At least 27 killed as Quetta-bound bus plunges into ditch<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_full-segment-roman-reigns-hits-jimmy-uso-down-low-on-1000-day-celebration-smackdown-june-2-2024.webp "WWE")
FULL SEGMENT: Roman Reigns hits Jimmy Uso down low on 1,000-day celebration: SmackDown, June 2, 2024
⏲ 14 minutes 3 seconds 👁 48.6K
_local-council-asks-wa-government-to-halt-demolition-plans.webp "Residents of a small mining town in WA have called on the state government to stop demolishing public housing, in the midst of a housing crisis.")
_craziest-announcer-reactions-of-the-year-so-far-wwe-top-10-june-2-2024.webp "WWE")
⏲ 4 minutes 17 seconds 👁 69.6K
_blair-davenport-amp-naomi-backstage-smackdown-may-31-2024.webp "WWE Women's Division")
_18-game-of-love-2022-english-movie.jpg)
_paul-heyman-tells-kevin-owens-he39s-afraid-of-the-bloodline-124-smackdown-highlights-5-41-24-wwe-on-usa.jpg)
_diy-are-focused-on-becoming-wwe-tag-team-champions-smackdown-lowdown-may-31-2024.jpg)
_ary-news-4-pm-headlines-29th-may-2024-124-pti-founders-big-decision.jpg)
_full-segment-roman-reigns-hits-jimmy-uso-down-low-on-1000-day-celebration-smackdown-june-2-2024.jpg)
_local-council-asks-wa-government-to-halt-demolition-plans.jpg)
_craziest-announcer-reactions-of-the-year-so-far-wwe-top-10-june-2-2024.jpg)
_blair-davenport-amp-naomi-backstage-smackdown-may-31-2024.jpg)
![[+]](/images/menu.gif){kind=small}