Policymakers and business leaders will closely eye the release of data on Thursday set to show whether the U.S. economy continued to grow at the outset of 2023.
CRUjiente Tacos bartender Alan Trellez mixes cocktails inside the Arcadia neighborhood restaurant, Feb. 1, 2023, in Phoenix.The U.S. economy slowed at the start of 2023, suggesting that an aggressive series of interest rate hikes at the Federal Reserve has cooled business activity even as the stock and job markets have made gains.
Consumer spending, which accounts for roughly two-thirds of the U.S. economy, surged over the first three months of this year, said the Bureau of Economic Analysis, a government agency.However, the slowdown from the previous quarter resulted from a decline in business investment and residential fixed investment, which includes money spent on home buying and construction, the data showed.
5% last month compared to a year ago, extending a monthslong slowdown of price increases, but leaving inflation more than double the target rate of 2%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
2023 Chevrolet Tahoe vs 2023 GMC Yukon: Pros and Cons of Each SUVThese three-row SUVs share a platform, but they’re not as similar as you'd think. Which one deserves your dollars?
Leer más »
NFL Draft 2023: Chicago Bears set to pick 9th in first round ThursdayThe Chicago Bears will be on the clock Thursday night for the first round of the NFL Draft.
Leer más »
SF set to feel the heat after historically cold start to spring'Temperatures are well above normal for late April,' wrote NWSBayArea in its area forecast discussion on Tuesday morning. 'A few records could be broken.'
Leer más »
2023 NFL Draft: Here Are All the Ways to Watch for FreeRound one of the 2023 NFL Draft kicks off in Kansas City on Thursday (April 27).
Leer más »
Xbox Content and Services Revenue Increases as Hardware FallsMicrosoft says it still expects the close the Activision Blizzard acquisition in fiscal year 2023.
Leer más »