US economy grew less than expected in first quarter at 1.6% rate
FT.com
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted markets
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted markets
The prospect of early interest rate cuts this year across leading industrialised nations received a blow on Thursday after figures..
US economy grew at a surprisingly strong 3.3% pace in the October-December quarter, pointing to continued resilience.