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 ...
US job growth slowed more than analysts anticipated in April while unemployment crept up, government data showed Friday, signaling that the labor market is cooling though still relatively resilient.
WASHINGTON – USeconomic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.
The US economy cooled markedly in the first three months this year, expanding less than anticipated as consumer spending and exports decelerated, according to government data released on Thursday.