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US economic growth for last quarter is revised up slightly to a 1.4% annual rate

WASHINGTON (AP) — The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said Thursday in a slight upgrade from its previous estimate. Consumer spending grew at just a 1.5% rate, down from an initial estimate of 2%, in a sign that high […]

Fed’s Goolsbee still looking for data inflation is cooling

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Chicago President Austan Goolsbee is still looking for inflation to cool further as part of the process that would open the door to a rate cut. Describing himself as “closet optimistic that we’re going to see improvement” on the inflation front, Goolsbee said […]

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