Almost landed The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter. That’s a little lower than many analysts expected. But the year-over-year growth is still on track. The new numbers put the Econbrowser recession indicator index at 2.0%, a very low level, indicating […]
https://econbrowser.com/archiv....es/2024/04/almost-la

The Chips Act has been surprisingly successful so far More than halfway through its incentives spending, the US will have far greater scope to manage shocks
https://www.ft.com/content/267....56186-99e5-448f-a451

Biden dealt blow as investors scale back bets on pre-election rate cut Markets no longer fully confident of move by September following new growth and inflation data
https://www.ft.com/content/f9e....3ebdd-0977-4b12-84cd

US wants allies to cut chip-related China exports amid Huawei alarm Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and technology
https://www.ft.com/content/4ec....ea0a7-a5cd-40b0-8a24

US economy grew less than expected in first quarter at 1.6% rate Higher than expected price pressures cast doubt on potential for Fed rate cuts
https://www.ft.com/content/f9e....3ebdd-0977-4b12-84cd