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US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
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 ... Read More
GDP Grew Only 1.6% in Q1 in First Sign of Slowing Growth as Businesses Trimmed Inventories, Imports Surged
In what could be the first significant sign the U.S. economy may be slowing from the weight of higher interest rates, gross domestic product grew at an annual rate of 1.6% in the first quarter. That ... Read More
UK manufacturing contracts as new orders drop and costs rise; house prices drop in April – business live
Rolling coverage of the latest economic and financial news, as UK house prices drop for second month running ... Read More
Is A Volcker-Like Series Of Rate Hikes In The Cards?
What if the worst in interest rates is yet to come? Until recently, the prevailing wisdom held that the Federal Reserve would start ... Read More
US Growth Slowed Sharply Last Quarter to 1.6% Pace, Reflecting an Economy Pressured by High Rates
Excluding volatile food and energy prices, so-called core inflation rose at a 3.7% rate, up from 2% in fourth-quarter 2023. From January through March, consumer ... 11 interest rate hikes the ... Read More
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