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US economic growth slows but inflation grows

Pelican Press

By Pelican Press,
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US economic growth slows but inflation grows

However, inflation is yet to fall back to the Federal Reserve’s 2% target, and on Thursday, figures from the US Department of Commerce showed that inflation increased by 3.4% in the first three months of 2024. This is compared to an increase of 1.8% in the final three months of 2023.





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