GDP rose at 2% annual rate in 1st quarter
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Gross domestic product grew at a 2% rate in the first quarter, rebounding from a fourth quarter dented by a government shutdown.
U.S. national debt held by the public has surpassed the size of the economy for the first time since World War II, reaching over 100% of GDP in March.
Mohamed El-Erian says he thinks there's a "limit" to how much the US economy and market will be able to outperform the rest of the world.
The U.S. economy grew at a 2 percent pace in the first three months of the year, as higher investment and a rebound in government spending buoyed business activity while consumers showed signs of fatigue amid rising prices.
The American economy, slowed by last fall’s 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in downgrade of its previous estimate.
Stocks just had their best month since 2020, but Moody's top economist Mark Zandi says that's at odds with the fragility of the US economy.
Trump's escalating sanctions, naval blockade and financial enforcement against Iran test whether economic strain can force Iran's regime to bend.