US Economy News Today: Economy Was 'Worst of Both Worlds' in First Quarter

Today, economic growth surprised economists in how much it slowed in the first quarter and we will look ahead to tomorrow's report on the Federal Reserve's preferred measure of inflation. Read More

US economy grew by just 1.6% in the first quarter, a much slower pace than expected

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 ... Read More

U.S. Economic Growth Plunges In First Quarter 2024

The first three months of 2024 were characterized by a notable deceleration in US economic growth, marking an almost two-year low. Business inventories weighed on growth for a second consecutive ... Read More

Imports hold back US economy in first quarter, inflation flares up

The U.S. economy grew at its slowest pace in nearly two years in the first quarter amid a surge in imports and small build-up of unsold goods at businesses, signs of solid demand that together with an ... Read More

US growth likely slowed last quarter but still pointed to a solid economy

Either way, the ... technology in the United States. On the other hand, their spending on equipment has been weak. And as imports outpace exports, international trade is also thought to have been a ... Read More

U.S. growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

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. The repor ... Read More

Mexico's economy continued weak growth in first quarter, poll shows

Mexico's economy continued to grow at a weak rate in the first quarter, due largely to a drop in manufacturing and agriculture that was only partially offset by services, according to a Reuters poll ... Read More

The US dollar is strengthening. Here’s what’s driving the rally and what it means for Americans

The US dollar index, which measures the currency’s strength against six of its peers, closed Tuesday at 106.26, its highest level since early November. The US economy’s remarkable strength is a big ... Read More

Weak GDP, strong prices, highlight Fed dilemma

Fed officials through much of their battle with a pandemic-driven breakout of inflation said they thought it would take a period of below-trend growth to really bring price pressures into line ... Read More

China's economy grew 5.3% in first quarter, beating expectations, though weak spots remain

China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness persisted HONG KONG -- China’s economy grew faster than ... Read More

China's big factories had a terrible March, even as automakers roar to new highs

Big Chinese manufacturers' profits fell last month, but carmakers posted a significant gain in the first quarter — one of the sectors worrying US officials. The National Bureau of Statistics reported ... Read More

US growth likely slowed last quarter but still pointed to a solid economy

Even so, the United States has ... equipment has been weak. And as imports outpace exports, international trade is also thought to have been a drag on the economy’s first-quarter growth. Read More