Back to back disappointing economic reports renew fears of 'stagflation'
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- Опубликовано: 28 апр 2024
- Two worse-than-expected economic reports last week have deflated hopes the U.S. economy can make it out of this period of high inflation unscathed.
An advanced reading of first quarter GDP showed the economy grew at a sluggish rate of 1.6%, following the booming 3.4% growth that closed out 2023. Then, the inflation gauge watched closest by the Federal Reserve came unchanged in March at 2.8%.
The stalled progress on fighting inflation has stoked fears of what economists call "stagflation," when inflation is high and economic growth is slow or negative.
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$95 Billion for Foreign Wars and not even 50 cents for Americans.
Get ready for 15% - 20% Interest Rates.
"I inherited an economy that was on the brink, now our economy is the envy of the world." - Biden SOTU 2024
🤣😂🤣
It happen again and again and again and again and again and again and again and again and again and again
A weeeee weeeee bit often has been the complacency
That's Bidenomics. You're welcome!
Jimmy Carter
Is bidenomics NBC dont yall support him 🤔😤😤😤😤