Wu Blockchain (@WuBlockchain): The United States announced that 2024 Q1 GDP will grow at an annual rate of 1.6%, significantly lower than expected. However, the PCE price index incr…
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The United States announced that 2024 Q1 GDP will grow at an annual rate of 1.6%, significantly lower than expected. However, the PCE price index increased by 3.4% in the first quarter, far exceeding the 1.8% in the fourth quarter of 2023. Inflation is high and the Fed may not…