Fountainheadinvesting

U.S. GDP Growth Slows to 1.6% in Q1 2024, Missing Expectations

GDP Q1- 2024

Q1 U.S. gross domestic product increased at an annual rate of 1.6%, falling short of the +2.3 % consensus and slowing from the robust +3.4% in Q4 2023.

Q1 personal consumption expenditures growth also cooled some, rising 2.5% vs. +2.8% consensus and +3.3% prior.