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Slow, but solid US economic growth anticipated in Q1; inflation likely heats up

In Business
April 25, 2024

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing financial market expectations that the Federal Reserve would delay cutting interest rates until September. The Commerce Department’s snapshot of first-quarter gross domestic product on Thursday is expected to show consumers still doing […]