U.s. Economy Grows At 2.5% Rate In 1st Quarter

WASHINGTON -- U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year.

RELATED ARTICLES
  • Real 'Fault in Our Stars' couple reunited by hope
    Katie and Dalton Prager, a young couple who both have cystic fibrosis, celebrated happy news when they reunited Tuesday afternoon after nearly five months apart: Katie is on her way to getting a lifesaving lung transplant. More
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
BING NEWS:
  • Inflation Falls Below 5%, A Nearly Two-Year Low
    In addition to a possible interest rate hike pause, investors will be monitoring the Fed’s commentary on the economy at its upcoming meeting on June 13-14. The Fed will also be releasing its ...
    05/9/2023 - 11:16 pm | View Link
  • U.S. Job Growth Retains Vigor Despite Economic Worries
    The unemployment rate was 3.4 percent ... the central bank might continue to raise rates if new data showed the economy wasn’t slowing enough to keep prices down. It’s also an indication ...
    05/5/2023 - 9:18 am | View Link
  • U.S. Trade With World Rose in March on Energy, Auto Shipments
    U.S. trade with the rest of the world increased in March as companies shipped more oil, natural gas and vehicles overseas and exported more products to China after it lifted Covid restrictions.
    05/4/2023 - 5:48 am | View Link
  • Startups in the U.S. boom
    and hurts the economy at-large," the Department said in a statement last October. Sullivan said the rule would penalize self-employed workers with more regulation. "We've got a long way to go ...
    05/2/2023 - 11:07 pm | View Link
  • After Pandemic Rebound, U.S. Manufacturing Droops
    Factories that roared out of the recession have stalled, hampering the economy, even as a new wave ... The metropolitan area’s unemployment rate sank to 1 percent in late 2021, and average ...
    05/2/2023 - 11:40 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News