Thursday, April 25, 2024

GDP Falls Short, Puts Wall Street in a Sour Mood (Newser Breaking News)

Newser Newsletter
April 25, 2024
 
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GDP Falls Short, Puts Wall Street in a Sour Mood
The nation's economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending, per the AP. A slip: Thursday's report from the Commerce Department said the gross domestic product—the economy's total output of goods and services—decelerated from its brisk 3.4% growth rate in the final three months of 2023. Keep reading
 
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