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 Gold Rebounds on U.S. Economic Uncertainty and Softening Job Market READ MORE PRICE ALERT: Gold to $2,415 Nearing Record Highs, Silver to $31.50 READ MORE Argentina's $5 Billion Gold Gambit: Reserves Moved for Potential Collateral READ MORE Gold Prices Rebound Amid Rate Cut Speculations and Data Focus READ MORE German and Italian Gold Imports Linked to Amazon's Illicit Mining Boom READ MORE Add a Comment Cancel replyYour email address will not be published.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