Economic Slowdown and Rising Inflation Cast Doubt on Soft-Landing Prospects The U.S. economy experienced its slowest growth in nearly two years last quarter, accompanied by a notable increase in inflation, which dampened hopes for a soft landing. The Bureau of Economic Analysis reported that the Gross Domestic Product (GDP) grew at an annualized rate of 1.6%, falling below all economists’ forecasts. The primary driver of economic growth, personal spending, increased at a modest 2.5% rate, which was less than expected. Additionally, a widening trade deficit contributed to the slowdown, marking the largest subtraction from growth since 2022. Inflation also showed signs of acceleration, with a key indicator rising at a 3.7% annualized rate. This was the first quarterly increase in a year, indicating that price pressures are resurfacing. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts India's Gold Duty Cut Diminishes Dubai's Appeal for Shoppers READ MORE Rethinking Economic Forecasting: Central Banks Address Inflation Prediction Failures READ MORE December Consumer Prices Rise Unexpectedly, Surpassing Forecasts READ MORE Cosmic Flash Leaves Scientists Puzzled Over Origin of Gold and Platinum READ MORE Market Data Hints at Massive Yen Intervention by Japan READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment