U.S. financial development slower than anticipated in 2024’s first quarter

The U.S. GDP elevated at a 1.4% annualized price within the first quarter of 2024, a tempo that is slower than anticipated and far decrease than the three.4% development seen within the fourth quarter of 2023. CBS News enterprise analyst Jill Schlesinger has extra on why this really is perhaps excellent news for these on the lookout for decrease rates of interest.

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