The U.S. economy saw an unexpected slowdown in the first quarter of 2024, with the Gross Domestic Product (GDP) growing at just a 1.6% annualized rate. This rate is too far lower than the expected growth of 2.4%, as was predicted by the economists. This deceleration is especially remarkable in view of the 3.4% of The post Fed Rate Cut Hopes Dampen Amid Surging Q1 Inflation appeared first on CoinGape .
