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GDP Report to Show Pace of U.S. Growth in First Quarter
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A government report on U.S. economic output in the first quarter will shed light on how consumers and businesses are faring under high inflation, rising interest rates and the onset of banking problems.
Consumer spending, the primary driver of growth, and hiring were surprisingly strong at the start of the year, but more recently slowed as the Federal Reserve continued raising interest rates to cool the economy and curb rapid price increases.
Read more on wsj.comAbout this in other media
GDP Report Shows Economic Growth Slowed in First Quarter wsj.com /11 months ago
Oil and gas giants ExxonMobil and Chevron post record first-quarter profits theguardian.com /11 months ago
GDP Report Shows Economic Growth Slowed in First Quarter wsj.com /11 months ago
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