US PMI Signals Sub-1% GDP Growth as Inflation Pressures Intensify

US business activity picked up in April, with the Flash Composite PMI rising from 50.3 to 52.0, a three-month high. The improvement suggests the economy regained some momentum after near-stagnation in March, though the overall pace remains modest. The data is broadly consistent with the economy struggling to sustain annualized growth much above 1%, with […]

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