2024-04-24 12:45:00 ET
Summary
- The US economy appears on track to post softer growth in the first-quarter GDP report scheduled for release on Thursday.
- The key debate is whether the economy will stabilize at a softer pace of growth vs. decelerate further in the months ahead.
- A critical factor supporting the upbeat economic view: consumer spending is still solid, based on real (inflation-adjusted) levels.
The US economy appears on track to post softer growth in the first-quarter GDP report scheduled for release on Thursday (Apr. 25), based on the median for a set of nowcasts compiled by CapitalSpectator.com....
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U.S. Q1 2024 GDP Growth Looks Set For Slowdown In Thursday's Release