4 Prominent Economists Unpack Q1 GDP Slowdown, Discuss Implications For Fed's Rate Hikes
Despite increases in consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment, the U.S. gross domestic product (GDP) only grew at a 1.1% annualized pace in the first quarter of 2023, falling short of the market's expected 2% growth.