Tag: consumer spending

Drop in US GDP challenges Biden’s pitch to voters | Health and Fitness

By JOSH BOAK - Related Press WASHINGTON (AP) — President Joe Biden’s upbeat message that the financial system is cruising alongside hit a difficult velocity bump on Thursday when the federal authorities reported that U.S. gross home product shrank through the first three months of 2022.Financial exercise declined at annual charge of 1.4%, a pointy reversal from final yr when progress was the strongest ...

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