U.S. Economy Sagnates, as International Trade Weighs Heavily on Q1 Growth 

The U.S. economy contracted by a meager 0.3% quarter-on-quarter (q/q, annualized) in the first quarter – in line with the consensus forecast – but a sharp reversal from Q4-2024’s gain of 2.4%. Consumer spending rose 1.8% q/q, a notable deceleration from Q4’s 4.0%. Spending on goods was relatively flat (+0.5% q/q), while services expanded by […]

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