Podknife - US economic growth slows but inflation grows by World Business Report

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US economic growth slows but inflation grows

Podcast |: World Business Report
Publisher |: BBC
Media Type |: audio
Podknife tags |: Business,; News & Politics
Categories Via RSS |: Business,; News
Publication Date |: Apr 25, 2024
Episode Duration |: 00:26:26

The US economy grew by less than forecast in the first three months of this year but inflation gathered pace, which could delay an interest rate cut.

Official figures revealed the economy expanded at an annualised rate of 1.6%, far below expectations and the growth seen in the final months of 2023.

Meanwhile, inflation, which measures the pace of price rises, has increased.

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