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

The U.S. GDP elevated at a 1.4% annualized charge within the first quarter of 2024, a tempo that is slower than anticipated and far decrease than the three.4% progress 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 in search of decrease rates of interest.

CBS News 24/7 is the premier anchored streaming information service from CBS News and Stations that’s obtainable free to everybody with entry to the web and is the vacation spot for breaking information, reside occasions, unique reporting and storytelling, and applications from CBS News and Stations’ high anchors and correspondents working regionally, nationally and across the globe. It is offered on greater than 30 platforms throughout cell, desktop and related TVs without spending a dime, in addition to CBSNews.com and Paramount+ and reside in 91 nations.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News 24/7: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on Twitter: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: [email protected]