US Q1 2024 GDP growth, inflation, Federal Reserve, consumer spending, Joe Biden, Chipotle, coronavirus liability waiver

Version 1.57 (2024-07-17 21:26:11.838000)

updates: Chipotle CEO expresses doubts about the effectiveness of a coronavirus liability waiver

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Version 1.56 (2024-04-25 19:54:24.461000)

updates: Chipotle CFO expects continued sales growth despite slowing US GDP

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Version 1.55 (2024-04-25 18:53:42.315000)

updates: New information on inflation, Biden's response to the economic conditions

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Version 1.54 (2024-04-25 18:53:06.386000)

updates: The US economy grew at its slowest pace in nearly two years in Q1 2024, with gross domestic product (GDP) increasing at a 1.6% annualized rate. Inflation also flared up, with a measure of inflation in the economy increasing at a 3.1% rate, the highest in a year. Despite the slower growth, the US economy is still expanding above the non-inflationary growth rate of 1.8% that US central bank officials regard as ideal. The combination of slower growth and increased inflation has raised concerns of stagflation. Treasury Secretary Janet Yellen insists that the US economy continues to perform well. Economic pressures could weigh on President Joe Biden as he seeks reelection. US President Joe Biden acknowledges the need for more work in the US economy despite overall strong growth. The Q1 gross domestic product (GDP) report showed a slowdown to 1.6%, the slowest pace in two years, and a rise in the core PCE price index to 3.7% from 2% in Q4 2023. The Federal Reserve is concerned about rising inflation as it considers whether to cut interest rates. Mohamed El-Erian, chief economic advisor at Allianz, warns that the combination of weaker growth and higher inflation is problematic for the economy and markets. The Q1 GDP slowdown, along with downbeat Q2 guidance from Meta Platforms, led to a selloff on Wall Street and a climb in bond yields.

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Version 1.53 (2024-04-25 18:51:16.151000)

updates: The New York Times provides additional details on Q1 2024 GDP growth and inflation

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Version 1.52 (2024-04-25 17:55:18.353000)

updates: Biden's acknowledgment of more work needed in the US economy

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Version 1.51 (2024-04-25 17:54:35.490000)

updates: Slower growth in Q1 2024, higher inflation

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Version 1.5 (2024-04-25 17:52:24.772000)

updates: The US economy grew at a slower pace of 1.6% in Q1 2024, down from 3.4% in the previous quarter. Inflation rose to 3.4% during the same period. Consumer spending moderated, but job gains remained strong. The International Monetary Fund upgraded its growth forecast for the US. Concerns of stagflation have emerged due to slower growth and increased inflation. Economic pressures could impact President Joe Biden's reelection campaign. Critics blame the Biden Administration for slowed economic growth and high inflation. Treasury Secretary Janet Yellen remains optimistic about the US economy.

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Version 1.49 (2024-04-25 17:00:13.300000)

updates: Updated information on GDP growth, inflation, and economic pressures on President Biden

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Version 1.48 (2024-04-25 16:59:33.216000)

updates: Updated information on GDP growth and inflation in Q1 2024

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Version 1.47 (2024-04-25 16:54:19.006000)

updates: Additional details on inflation, criticism of Biden administration

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Version 1.46 (2024-04-25 16:53:36.895000)

updates: US economy grew at a slower rate than expected in Q1 2024

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Version 1.45 (2024-04-25 16:52:22.177000)

updates: The US economy grew at a slower pace than expected in Q1 2024, with GDP increasing by 1.6%. Inflation also rose, with an inflation gauge closely watched by the Federal Reserve increasing by 3.4% during the first quarter. The combination of slower growth and increased inflation has raised concerns of stagflation.

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Version 1.44 (2024-04-25 16:51:09.210000)

updates: US economy grew at its slowest pace in nearly two years in Q1 2024, inflation accelerated

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Version 1.43 (2024-04-25 15:59:13.591000)

updates: Slower growth in Q1 2024, higher core inflation

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Version 1.42 (2024-04-25 15:58:43.412000)

updates: US economy grew at slower pace of 1.6% in Q1 2024, missing expectations. Core inflation overshoots expectations.

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Version 1.41 (2024-04-25 15:57:55.732000)

updates: Includes information on core inflation overshooting expectations

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Version 1.4 (2024-04-25 15:56:47.810000)

updates: Added information about slower growth and stronger inflation in Q1 2024

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Version 1.39 (2024-04-25 15:54:58.765000)

updates: US economy grew at a slower pace of 1.6% in Q1 2024, missing expectations. Inflation surged more than expected.

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Version 1.38 (2024-04-25 15:53:27.103000)

updates: The US economy experienced slower growth and stronger inflation in the first quarter of 2024. The preliminary estimate of GDP for the first quarter showed annualized quarterly growth of just 1.6%, lower than the previously forecasted 2.5% and 3.4%. GDP growth for the same quarter a year earlier also fell to 3.0% from 3.1%. In contrast, the price index showed a 3.1% increase from 1.6% previously, indicating increased inflationary pressures. The US also saw positive weekly unemployment data, with initial jobless claims falling to 207K, the lowest since February, and the number of repeat claims falling to 1781K, the lowest in three months. The combination of slowing growth and increased inflation has raised concerns of stagflation.

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Version 1.37 (2024-04-25 15:53:07.056000)

updates: The US economy grew at a slower pace of 1.6% in Q1 2024, missing expectations. Inflation remains a concern. The IMF upgraded its forecast for US growth in 2024. The US economic slowdown is expected to impact President Biden's re-election campaign. The Fed is expected to delay rate cuts until September.

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Version 1.36 (2024-04-25 15:52:38.624000)

updates: US Q1 2024 GDP growth, inflation, Federal Reserve, job gains, 2024 presidential election

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Version 1.35 (2024-04-25 15:52:09.220000)

updates: New information on the US Q1 2024 GDP growth and inflation

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Version 1.34 (2024-04-25 15:51:18.939000)

updates: GDP growth rate, inflation figures, impact on stock market, comments from economists

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Version 1.33 (2024-04-25 15:05:00.968000)

updates: New information on inflation, impact on President Biden's re-election campaign

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Version 1.32 (2024-04-25 15:04:31.621000)

updates: US Q1 2024 GDP growth rate revised to 1.6%, slower than expected. Inflation remains a concern. Republican critics blame President Biden for high inflation. IMF upgrades US growth forecast. Ben Ayers comments on the economy. Implications for Biden's re-election campaign. Fed expected to make rate cuts due to persistent inflation.

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Version 1.31 (2024-04-25 15:04:05.612000)

updates: The US economy grew at a slower pace of 1.6% in Q1 2024, missing expectations. Inflation remains a concern, and the slowdown in growth could impact President Biden's re-election campaign. The IMF has upgraded its forecast for US growth. The high inflation figure is causing investors and analysts to put more weight on it than on signs of economic cooling. The US economic slowdown in Q1 2024 is expected to have implications for President Biden's re-election campaign. The Fed is expected to make rate cuts due to persistent inflation. The Q1 US GDP report shows below 2% growth for the first time in seven quarters, along with hotter than expected inflation.

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Version 1.3 (2024-04-25 15:03:35.455000)

updates: Includes analysis from Michael Brown on the Q1 GDP report

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Version 1.29 (2024-04-25 15:01:46.137000)

updates: US GDP growth rate, inflation figures, impact on presidential election

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Version 1.28 (2024-04-25 15:00:22.849000)

updates: Inflation rate, impact on President Biden's re-election campaign

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Version 1.27 (2024-04-25 14:56:27)

updates: The US economy grew at a slower pace of 1.6% in Q1 2024, missing expectations. Inflation increased by 3.4% in Q1 2024. The slower economic growth has contributed to concerns about a potential interest rate cut. The US economy is a key issue as the country heads towards an election later this year.

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Version 1.26 (2024-04-25 14:54:38.198000)

updates: Updates on inflation, Federal Reserve's rate cut probability

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Version 1.25 (2024-04-25 14:53:32.509000)

updates: Integration of economist interview on US GDP growth

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Version 1.24 (2024-04-25 14:53:06.278000)

updates: Includes details on slower growth, inflation concerns, impact on Biden's re-election campaign

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Version 1.23 (2024-04-25 14:52:02.531000)

updates: US GDP growth rate, personal spending, inflation data

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Version 1.22 (2024-04-25 14:51:25.209000)

updates: US economic growth slowed to 1.6% in Q1 2024, missing expectations

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Version 1.21 (2024-04-25 14:08:05.906000)

updates: US economic growth slows significantly in Q1 2024

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Version 1.2 (2024-04-25 14:07:02.153000)

updates: US Q1 2024 GDP growth rate, inflation rate

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Version 1.19 (2024-04-25 14:06:41.033000)

updates: US Q1 2024 GDP growth slows to 1.6%, inflation surges

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Version 1.18 (2024-04-25 14:06:18.626000)

updates: Inflation surges in Q1 2024

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Version 1.17 (2024-04-25 14:04:21.278000)

updates: US Q1 2024 GDP growth rate, consumer spending, investments, inflation, stock market reaction, economic outlook, interest rates

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Version 1.16 (2024-04-25 14:02:34.451000)

updates: Updated information on US Q1 2024 GDP growth and inflation

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Version 1.15 (2024-04-25 14:02:11.795000)

updates: Updated information on Q1 2024 GDP growth, inflation, and market reaction

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Version 1.14 (2024-04-25 14:01:48.265000)

updates: Q1 GDP growth lower than expected, inflation rises

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Version 1.13 (2024-04-25 14:01:26.617000)

updates: Includes details on the reasons behind the slowdown in the US economy, the impact of inflation on the stock market, and the focus on the US economy in the 2024 presidential election

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Version 1.12 (2024-04-25 14:00:29.879000)

updates: US economy grows at slower rate of 1.6% in Q1, missing expectations

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Version 1.11 (2024-04-25 13:59:11.718000)

updates: The US economy grew at an annual rate of 1.6% in the last quarter, reflecting a slowdown due to high interest rates. Consumers continued to drive growth but slowed their spending, and businesses reduced their inventories. Inflation has slowed to 3.5% from 9.1% in 2022, but prices remain above pre-pandemic levels. Republican critics of President Joe Biden have blamed him for high prices, and polls show that many Americans share this view. The economy's gradual slowdown is also influenced by weak spending on equipment, a drag on growth from international trade, and the time it is taking for inflation to reach the Fed's 2% target. The Federal Reserve has signaled that it expects to cut rates three times this year, but there is no rush to do so in the face of continued inflationary pressure.

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Version 1.1 (2024-04-25 13:58:51.428000)

updates: The US economy grew at a slower pace than expected in Q1 2024, with a 1.6% annualized rate, compared to the forecasted 2.4% rate. The slowdown in growth was attributed to a jump in imports and a slower pace of inventory accumulation and government spending. However, consumer spending remained solid. The hot quarterly Personal Consumption Expenditure inflation component suggests that the Federal Reserve would not cut interest rates before September. The market reacted with S&P 500 futures falling 1.27% and U.S. 10-year yields rising to 4.721% after the release. Analysts have mixed views on the report, with some seeing it as a downshift in economic growth and a confirmation of accelerating inflation, while others believe it is good news that the downshift in government spending is likely welcome news for the Fed. The report is seen as the worst of both worlds, with economic growth slowing and inflationary pressures persisting. The Fed wants to see inflation start coming down, but the market wants to see economic growth and corporate profits increasing. The GDP report comes at a crucial time as investors digest the potential impacts of the Fed holding interest rates higher for longer. The US economy's slower growth and uncomfortable inflation numbers have led to a market fall at Wall Street's open. The report suggests that the US economy is finally starting to slow down in the face of the Fed's monetary tightening, but the battle to return CPI to target is still far from being won. The Fed is finding itself caught between a rock and a hard place, with growth numbers suggesting monetary policy has worked, but inflation figures suggesting otherwise. The market is reacting more to the PCE overshoot than the softer GDP print. The US economic growth slowdown and inflation surge reinforce expectations that the Federal Reserve would not cut interest rates before September. The Bank of Canada's governing council agreed that interest rates would most likely only come down gradually, given the risks to the inflation outlook.

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Version 1.09 (2024-04-25 13:57:45.666000)

updates: Consumer spending declines, inflation rises higher than expected

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Version 1.08 (2024-04-25 13:57:04.727000)

updates: The US economy grew at a slower rate of 1.6% in Q1 2024 than expected, while inflation rose higher than anticipated. The rise in prices has affected the stock market and become a campaign issue for President Biden. The IMF upgraded its growth forecast for the US. The Federal Reserve faces a dilemma as growth slows and inflation rebounds.

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Version 1.07 (2024-04-25 13:56:45.034000)

updates: GDP growth rate revised down, inflation higher than expected

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Version 1.06 (2024-04-25 13:56:16.330000)

updates: The US economy grew at a slower rate of 1.6% in Q1 2024 than expected, with declining consumer spending and rising inflation. The International Monetary Fund upgraded its growth forecast for the US. The stock market reacted negatively to the news, and analysts have mixed views on the report.

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Version 1.05 (2024-04-25 13:55:55.702000)

updates: US economy grew at a slower rate of 1.6% in Q1, inflation rose more than expected

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Version 1.04 (2024-04-25 13:55:22.531000)

updates: The US economy grew at a slower rate of 1.6% in Q1

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Version 1.03 (2024-04-25 13:55:04.359000)

updates: Inflation data, stock market reaction, analyst views

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Version 1.02 (2024-04-25 13:53:38.384000)

updates: Inflation data, impact on Wall Street, Republican criticism of President Biden

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Version 1.01 (2024-04-25 13:53:20.948000)

updates: The US economy grew at a slower rate than expected in Q1 2024, with declining consumer spending and rising inflation. The International Monetary Fund has upgraded its growth forecast for the US. Wall Street has reacted negatively to the news, and Republican critics of President Biden have blamed him for the high inflation.

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Version 1.0 (2024-04-25 13:53:05.185000)

updates: Includes details on declining consumer spending, exports, and state, federal, and local spending

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Version 0.99 (2024-04-25 13:52:52.308000)

updates: US economic growth slows to weakest rate in almost two years

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Version 0.98 (2024-04-25 13:51:45.876000)

updates: The US economy grew at a slower rate of 1.6% in Q1 2024, reflecting high interest rates

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Version 0.97 (2024-04-25 13:51:22.966000)

updates: Updated GDP growth rate and related details

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Version 0.96 (2024-04-25 13:02:46.854000)

updates: Additional details on Q1 2024 GDP growth, inflation, and interest rates

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Version 0.95 (2024-04-25 13:01:27.004000)

updates: Updated information on GDP growth, inflation, job gains, and voter sentiment

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Version 0.94 (2024-04-25 12:59:49.171000)

updates: Revised growth rate, additional details on factors contributing to growth, mention of inflation and interest rate expectations

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Version 0.93 (2024-04-25 12:59:34.728000)

updates: Q1 GDP growth rate, decline in consumer spending and business investment

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Version 0.92 (2024-04-25 12:59:10.022000)

updates: US Q1 2024 GDP growth slows to 1.6%, below expectations

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Version 0.91 (2024-04-25 12:58:24.797000)

updates: The US economy grew by 1.6% in Q1 2024, lower than expected. The slower growth is attributed to decelerations in consumer spending, exports, and government spending. The International Monetary Fund projects a 2.7% growth for the US in 2024. The slower growth and rising inflation raise concerns about the impact of high interest rates on the economy. Despite the slowdown, the US economy remains resilient and shows no signs of a recession. Consumer spending remains a principal driver of economic growth. The slower growth in the first quarter raises concerns about the impact of high interest rates on the economy. Wealthier consumers continue to drive spending, while lower-income households are showing signs of strain. Businesses remain cautious, investing less in new facilities and drawing down inventories.

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Version 0.9 (2024-04-25 12:57:41.579000)

updates: US Q1 2024 GDP growth falls below expectations

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Version 0.89 (2024-04-25 12:57:11.161000)

updates: Includes details on Core PCE price index, real consumer spending growth, US dollar index, Treasury yields, gold prices, and Meta Platforms Inc. stock drop [4a375895]

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Version 0.88 (2024-04-25 12:55:40.681000)

updates: US economy grew at a slower rate of 1.6% in Q1 2024

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Version 0.87 (2024-04-25 12:55:17.880000)

updates: US Q1 2024 GDP growth rate weaker than expected

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Version 0.86 (2024-04-25 12:54:58.593000)

updates: US economy grew at a slower rate of 1.6% in Q1 2024, weaker than expected

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Version 0.85 (2024-04-25 12:54:28.920000)

updates: Updated information on US Q1 2024 GDP growth

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Version 0.84 (2024-04-25 12:54:09.749000)

updates: The US economy grew at a slower rate of 1.6% in Q1 2024, weaker than expected

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Version 0.83 (2024-04-25 12:53:37.236000)

updates: US economy grew at a slower rate of 1.6% in Q1 2024, falling short of expectations

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Version 0.82 (2024-04-25 12:53:15.334000)

updates: US economy cooled more than expected in Q1 2024

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Version 0.81 (2024-04-25 12:52:56.762000)

updates: US economy grew at a slower rate of 1.6% in Q1 2024

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Version 0.8 (2024-04-25 12:52:33.905000)

updates: US Q1 2024 GDP growth revised to 1.6%, slower than expected

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Version 0.79 (2024-04-25 12:52:11.631000)

updates: Revised story with additional details on GDP growth and outlook

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Version 0.78 (2024-04-25 12:51:44.036000)

updates: Updated information on US Q1 2024 GDP growth and consumer spending

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Version 0.77 (2024-04-25 12:51:19.647000)

updates: US Q1 2024 GDP growth slows to 1.6%, falling short of estimates

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Version 0.76 (2024-04-25 11:51:55.672000)

updates: GDP growth revised to 2.2%, additional information on inflation and rate cuts

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Version 0.75 (2024-04-25 10:51:19.057000)

updates: The US economy likely grew at a slower pace in the first quarter of 2024, with economists expecting GDP to have risen at a 2.5% annualized rate, compared to 3.4% in the previous quarter. The deceleration in growth is attributed to higher borrowing rates resulting from interest rate hikes by the Federal Reserve. Retail sales in the US have surged 0.7% from February to March, exceeding economists' expectations. Job gains in the first quarter averaged 276,000 per month, and unemployment has remained below 4% for 26 straight months, indicating a resilient labor market. Despite the slowdown in growth, the US economy continues to outpace the rest of the world's advanced economies, with a projected growth rate of 2.7% for the entire year of 2024. The U.S. economy likely extended its recent boom, albeit at a slower clip, in the first three months of the year, fueled by free-spending Americans who have continued to shell out despite inflation. Consumer spending rose by 0.8 percent in February, marking the largest one-month jump in over a year. However, there is mounting evidence that Americans are pulling back, with credit card debt rising 22 percent since the pandemic and delinquencies on credit cards and car loans also rising. Consumer spending is poised to slow in the coming months, potentially denting economic growth.

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Version 0.74 (2024-04-25 09:51:03.613000)

updates: Updated GDP growth rate and added information on consumer spending and labor market

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Version 0.73 (2024-04-25 08:51:05.267000)

updates: Updated information on US Q1 2024 GDP growth and economic indicators

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Version 0.72 (2024-04-25 07:51:44.902000)

updates: Includes additional details on GDP growth expectations and the US Bureau of Economic Analysis report

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Version 0.71 (2024-04-25 06:52:55.923000)

updates: The US economy is expected to have grown at a 2.2% annual pace in the first quarter of 2024, with consumer spending driving economic growth. The growth rate is expected to have decelerated from the previous quarter's 3.4% pace due to higher borrowing rates resulting from interest rate hikes by the Federal Reserve. Despite the slowdown, the U.S. economy is outpacing other advanced economies, with a projected growth rate of 2.7% for the year. Inflation has slowed but progress has stalled recently. The Federal Reserve is expected to cut rates three times this year, but traders don't expect rate cuts to begin until the September meeting. Unemployment has remained below 4% for 26 straight months. Critics blame President Joe Biden for high prices despite the near-record-high stock market and the slowdown in inflation.

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Version 0.7 (2024-04-25 06:51:02.224000)

updates: Updated information on US Q1 2024 GDP growth and inflation

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Version 0.69 (2024-04-25 05:55:31.323000)

updates: Inflation accelerates, concerns about growth slowdown

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Version 0.68 (2024-04-25 05:50:58.698000)

updates: Updated information on US Q1 2024 GDP growth and inflationary pressures

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Version 0.67 (2024-04-25 04:52:11.932000)

updates: Updated Q1 GDP growth estimate and inflation forecast

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Version 0.66 (2024-04-25 04:51:42.113000)

updates: US Q1 2024 GDP growth rate, inflation rate, Federal Reserve rate cut expectations

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Version 0.65 (2024-04-24 22:51:46.880000)

updates: Includes expectations for Q1 GDP growth and market impact

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Version 0.64 (2024-04-24 22:51:19.561000)

updates: New information on Q1 GDP growth, inflation, labor market

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Version 0.63 (2024-04-24 17:52:01.695000)

updates: Q1 GDP growth estimate, productivity growth, consumption expenditures, nonresidential investment, trade impact, personal saving rate, stockpiling impact, labor market strength, inflation concerns

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Version 0.62 (2024-04-24 16:53:33.826000)

updates: US Q1 2024 GDP growth slows down, concerns for future

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Version 0.61 (2024-04-23 18:19:32.718000)

updates: Updates on US economic growth and inflationary pressures

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Version 0.6 (2024-04-23 13:21:00.941000)

updates: US Q1 GDP growth expected to be 2.0%, concerns about interest rate cuts

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Version 0.59 (2024-04-23 13:18:40.957000)

updates: Updated information on US Q1 GDP growth and concerns for the economy

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Version 0.58 (2024-04-23 12:18:54.638000)

updates: Updates on US Q1 GDP growth and concerns for the economy

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Version 0.57 (2024-04-21 23:18:31.697000)

updates: Updates on US economic growth, inflation pressures, and global economic forecasts

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Version 0.56 (2024-04-19 15:18:41.032000)

updates: Updates on US economic performance, challenges, and inflation pressures

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Version 0.55 (2024-04-15 23:18:07.875000)

updates: Incorporated information about the recent surge in the US economy and its implications for Fed policy

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Version 0.54 (2024-04-09 13:24:09.397000)

updates: US economic growth in Q1 falls short of expectations

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Version 0.53 (2024-03-22 16:19:04.288000)

updates: US Q1 growth nowcast ticks down, softer trend in economic activity

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Version 0.52 (2024-03-22 13:17:25.967000)

updates: US growth expected to slow, Federal Reserve's dovish stance explained

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Version 0.51 (2024-03-21 07:19:33.335000)

updates: Upgraded GDP growth forecast, factors contributing to economic success, potential risks and uncertainties

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Version 0.5 (2024-02-28 17:17:30.790000)

updates: Updated information on US economic forecast, job gains, inflation, and wage growth

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Version 0.49 (2024-02-28 05:17:53.987000)

updates: New information on job gains, consumer sentiment, and wage growth

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Version 0.48 (2024-02-28 04:18:01.153000)

updates: Updated information on US GDP forecast and economic outlook

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Version 0.47 (2024-02-27 19:16:24.572000)

updates: The US economy is expected to grow 2.2% in 2024, up from the previous prediction of 1.3%. The upgrade in economic expectations is attributed to factors such as government and household spending, as well as the resilience of the job market and US household spending. Economists have doubled their estimates for job gains in the economy this year. Inflation has been cooling since its peak two summers ago, and most forecasters expect interest rate cuts to begin by mid-June. High rates are still seen as the most significant risk to the economy by 41% of respondents in the survey. The outlook for the international economy is less positive, with war, uncertainty, and instability weighing it down.

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Version 0.46 (2024-02-26 18:19:29.497000)

updates: US economy forecasted to improve in 2024

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Version 0.45 (2024-02-06 13:12:01.367000)

updates: New information about the January jobs report and its impact on the economy and upcoming elections

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Version 0.44 (2024-02-03 18:11:26.938000)

updates: Larry Summers' comments on the US economy

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Version 0.43 (2024-02-03 03:25:17.483000)

updates: New information about U.S. job growth and consumer sentiment

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Version 0.42 (2024-02-02 23:27:50.361000)

updates: Inclusion of Mohamed El-Erian's comments on the US jobs report

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Version 0.41 (2024-02-02 22:25:16.068000)

updates: Strong job gains, potential impact on interest rates, concerns about average hours worked and housing

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Version 0.4 (2024-02-02 21:27:41.805000)

updates: Updated job growth figures and added information on consumer confidence and wage gains

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Version 0.39 (2024-02-02 21:25:44.566000)

updates: Integration of new information about the impact of job growth on the upcoming election year

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Version 0.38 (2024-02-02 20:31:16.242000)

updates: Integration of additional information about job growth in small businesses and Federal Reserve's interest rate trajectory

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Version 0.37 (2024-02-02 20:25:22.784000)

updates: The U.S. economy added 353,000 jobs in January, surpassing expectations

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Version 0.36 (2024-02-02 19:29:11.522000)

updates: New information about small business job growth and wage gains

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Version 0.35 (2024-02-02 19:27:24.945000)

updates: Information about job gains in various industries, wage gains, and the impact on the Federal Reserve's plans for rate cuts

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Version 0.34 (2024-02-02 19:27:05.192000)

updates: Information about President Biden, former President Trump, consumer confidence, and inflation added

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Version 0.33 (2024-02-02 18:25:24.600000)

updates: Information about job growth in U.S. small businesses

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Version 0.32 (2024-02-02 17:29:58.287000)

updates: The strong job growth has led to a drop in investors' likelihood of a rate cut by the Federal Reserve in March.

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Version 0.31 (2024-02-02 17:29:40.901000)

updates: The U.S. economy added 353,000 jobs in January, surpassing expectations and marking a strong start to 2024. The unemployment rate remained at 3.7%, the 24th consecutive month below 4%. Most industries added jobs, with health care and social assistance seeing the largest increase. Wage growth also rose 0.6% this month and 4.5% year-on-year. The higher-than-expected job growth is not expected to change the Fed's current path of three rate cuts this year. Economists warn that January's report is difficult to predict due to seasonal factors and adjustments made by the Bureau of Labor Statistics.

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Version 0.3 (2024-02-02 17:25:46.033000)

updates: Revised job gains in December, GDP growth projection for Q1 2024

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Version 0.29 (2024-02-02 17:25:21.630000)

updates: Added details from ABC News about the job growth in January

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Version 0.28 (2024-02-02 16:29:54.182000)

updates: January jobs report exceeds expectations, hourly earnings increase

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Version 0.27 (2024-02-02 16:26:53.155000)

updates: The US GDP grew at a robust 3.3% annualized pace in Q4 2023, defying predictions of a recession. The overall economic growth in 2023 disregarded predictions of a slowdown. The complexity of the economic landscape requires a careful balance between supporting growth and addressing potential inflationary pressures.

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Version 0.26 (2024-02-02 15:31:38.450000)

updates: Updated job numbers and wage gains

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Version 0.25 (2024-02-02 15:31:15.528000)

updates: Revised job growth numbers, impact on Federal Reserve's plans for rate cuts, GDP growth in Q4 2023

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Version 0.24 (2024-02-02 15:30:58.418000)

updates: Includes more details on job sectors, wage gains, and market reactions

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Version 0.23 (2024-02-02 15:28:13.108000)

updates: Includes wage gains and impact on Federal Reserve's plans

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Version 0.22 (2024-02-02 15:26:00.513000)

updates: Updated job growth numbers and added information on specific sectors

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Version 0.21 (2024-02-02 15:25:38.972000)

updates: Added details about job gains in various sectors, upward revisions to job growth in November and December, and the impact on stock futures

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Version 0.2 (2024-02-02 15:25:20.821000)

updates: Integration of the January 2024 Employment Report

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Version 0.19 (2024-02-02 14:31:06.991000)

updates: Updated job figures, wage gains, and labor market analysis

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Version 0.18 (2024-02-02 14:28:53.058000)

updates: Revised job growth figures for November and December

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Version 0.17 (2024-02-02 14:27:35.450000)

updates: Includes information about the entertainment industry's job gains

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Version 0.16 (2024-02-02 14:27:01.610000)

updates: The US economy added 353,000 nonfarm payroll jobs in January, surpassing expectations

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Version 0.15 (2024-02-02 14:25:58.059000)

updates: US economy adds 353,000 jobs in January, surpassing expectations

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Version 0.14 (2024-02-02 06:28:08.587000)

updates: US payroll growth expected to remain steady in January

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Version 0.13 (2024-01-10 00:17:22.535000)

updates: Updated information on job growth and unemployment rate in December

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Version 0.12 (2024-01-06 15:17:51.939000)

updates: US economy exceeded hiring forecasts in December

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Version 0.11 (2024-01-05 22:19:01.361000)

updates: RBC predicts US rate cuts based on labor market data

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Version 0.1 (2024-01-05 14:24:48.800000)

updates: US employers added 216,000 jobs in December, exceeding the 173,000 jobs added in November. The unemployment rate remained unchanged at 3.7% [5ea6ace9].

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Version 0.09 (2024-01-05 07:16:15.198000)

updates: Updated job growth numbers for December and revised unemployment rate

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Version 0.08 (2024-01-05 07:15:57.137000)

updates: Incorporated information from the Indianapolis Business Journal article about the US jobs report for December

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Version 0.07 (2024-01-05 06:15:26.930000)

updates: December jobs report shows 160,000 jobs added, unemployment rate rises to 3.8%

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Version 0.06 (2024-01-05 05:17:01.475000)

updates: December jobs report, job growth in 2023

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Version 0.05 (2024-01-05 05:15:20.533000)

updates: New information on US job growth in December and wage increase

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Version 0.04 (2024-01-04 20:18:13.744000)

updates: US Jobs Report: December Adds 170,000 Jobs, Easing Wage Pressure

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Version 0.03 (2023-12-10 12:51:40.433000)

updates: Integration of a new article from Forbes by Bill Stone that provides a different perspective on the jobs report, stating that it eased concerns about the Federal Reserve raising interest rates and painted a positive picture of the economy [ec995676]

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Version 0.02 (2023-12-09 17:50:45.661000)

updates: Includes an article from Forbes that argues the labor market is weakening and a recession is still looming

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Version 0.01 (2023-12-09 10:56:03.978000)

updates: US labor market shows signs of strength as payrolls accelerate

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Version 0.0 (2023-12-08 16:53:35.373000)

updates: fork

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[Tree] US Q1 2024 GDP growth, inflation, Federal Reserve, consumer spending, Joe Biden, Chipotle, coronavirus liability waiver