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Stock markets fall after sharp US growth slowdown
Commerce department says gross domestic product growth decelerated to 1.6% at start of year as consumers slowed spendingAmerica’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years.But as high interest rates take their toll on the world’s largest economy, inflation continues to loom large. Continue reading
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Throw us a bone, Congress, and lay off the stock trough
This isn’t shaping up to be a great year for Congress — specifically, the House of Representatives, and, still more specifically, House Speaker Mike Johnson (R-La.). After the calamitously bruising battle to send more magic fedbux off to support wars deemed in America’s interest, which saw the speaker side with Democrats over outraged members of his own party, the nation’s legislature plumbed new depths of dissatisfaction among millions of Americans. For many voting citizens, the outrage...
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US Economy Sees Low Growth, High Inflation in Q1
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.