Head Topics

U.S. economic growth revised lower for first quarter

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 39 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Gross Domestic Product News

Commerce Department,Consumer Spending,Downward Revision

Gross domestic product - the broadest measure of economic activity - grew at an 1.3% annualized rate from January through March, down from the advance...

- The U.S. economy grew more slowly in the first quarter than previously estimated after downward revision s to consumer spending , the Commerce Department reported on Thursday.

A measure of inflation during the first quarter was revised down to 3.3% from 3.4%, the stiffest quarterly price-pressure growth in a year. After easing through much of last year, measures of inflation came in higher than expected to start 2024, driving Federal Reserve policymakers to push back expectations for when they'll be able to pivot to interest rate cuts.

REGINA — A lawyer for the truck driver who caused the deadly Humboldt Broncos bus crash says families of the victims have no standing to seek compensation in an ongoing lawsuit. Court arguments are being heard this week in Regina over whether the truck driver and Saskatchewan government can be removed as defendants in the suit. The claim also names the bus and trucking companies.

Commerce Department Consumer Spending Downward Revision

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia to unveil decline in projected gross debt, sees lower peak in debt ratioExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

How Veteran Affairs Canada’s holiday tweet became a ‘dumpster fire’The post on March 29th wished people a 'happy March holiday season,'' prompting hundreds of questions online about what exactly constitutes the March holidays.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Parole board faulted for gross mismanagement of harassment casePublic Sector Integrity Commissioner said the board’s administration failed to convey seriousness of the matter and fostered an environment that enabled misconduct
Source: globeandmail - 🏆 5. / 92 Read more »

Bill Gross says Trump is 'bearish' choice for bond marketsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Bill Gross says Trump is 'bearish' choice for bond marketsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Bill Gross Expects Trump Win to Disrupt Bond Markets, FT SaysBill Gross said that a Donald Trump victory in the US presidential election would be more disruptive for bond markets than a Joe Biden win, according to the Financial Times.
Source: BNNBloomberg - 🏆 83. / 50 Read more »