In the first quarter of 2024, the US GDP grew by 1.6%, according to the US Bureau of Economic Analysis. However, this growth fell short of initial estimates. With interest rates and inflation remaining high, the GDP print raises questions about the strength of the US economy.
Claudia Sahm, founder of Sahm Consulting, explains how the GDP figures factor into current economic outlooks, especially as the Federal Reserve works to lower inflation rates. Sahm notes that while imports and inventories had an impact on the GDP growth, they are not significant enough to change the overall view of the economy.
Sahm emphasizes that the Fed, led by Chair Jerome Powell, will base its decisions on data and that there is still a lot of data to consider before making any definitive moves. For more expert insights and market analysis, you can watch the full episode of Morning Brief.
Regeneron International Science and Engineering Fair (Regeneron ISEF) is a highly prestigious competition for 9th…
Last night, during a hockey broadcast, Paul Bissonnette made a controversial statement that hinted at…
Residents of Crawfordville are still feeling the impact of recent inflation reports, despite a drop…
Bennett, a swimmer from Parksville, has once again set a new world record at the…
On Saturday, May 18th and Sunday, May 19th, you can find the complete high school…
The 2024 PBR World Finals: Unleash The Beast – Championship is set to take place…