Business Matters by BBC World Service
BBC World Service
Categories: Business
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The US economy grew by less than forecast in the first three months of this year but inflation gathered pace, which could delay an interest rate cut.
Official figures revealed the economy expanded at an annualised rate of 1.6%, far below expectations and the growth seen in the final months of 2023.
Meanwhile, inflation, which measures the pace of price rises, has increased.
(Picture: Retail sales drop in Britain, Huddersfield, United Kingdom - 21 Oct 2022. Picture credit: EPA-EFE/REX/Shutterstock)
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2181 - South China Sea threat discussed as Biden hosts Kishida and MarcosFri, 12 Apr 2024
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2180 - Cost of living shock: US Inflation is upThu, 11 Apr 2024
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2179 - How is the surging price of commodities affecting the global economy?Wed, 10 Apr 2024
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2178 - Solar Eclipse lights up businesses in the USTue, 09 Apr 2024
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2172 - Sam Bankman-Fried 'Crypto King' sentenced to 25 years in prisonFri, 29 Mar 2024
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2062 - FTX: 'King of Crypto' testifies to judge in fraud trialFri, 27 Oct 2023
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2057 - Biden addresses nation as Israel-Hamas war continuesFri, 20 Oct 2023
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2056 - Aid poised to enter Gaza stripThu, 19 Oct 2023
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2053 - Microsoft completes biggest deal in gaming historySat, 14 Oct 2023
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2052 - New Zealand's economy at the centre of election campaignsFri, 13 Oct 2023
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2028 - African Union expected to join G20Sat, 09 Sep 2023
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2027 - G20 India: The world's largest economies meet in DelhiFri, 08 Sep 2023
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2026 - African leaders propose global carbon taxes to fight climate changeThu, 07 Sep 2023
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2021 - Switzerland outlines measures to combat money launderingThu, 31 Aug 2023
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2018 - US faces more interest rate hikes to cool inflationSat, 26 Aug 2023
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2017 - BRICS invites six more countries to join the blocFri, 25 Aug 2023
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2012 - US bonds offer investors better returnsFri, 18 Aug 2023
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2011 - Joe Biden pledges to boost US on first anniversary of Inflation Reduction ActThu, 17 Aug 2023
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1993 - How extreme heat in the US is affecting businessSat, 22 Jul 2023
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1992 - Wheat prices rise after Russia threatens shipsFri, 21 Jul 2023
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1989 - Russia pulls out of grain dealTue, 18 Jul 2023
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1985 - Microsoft's deal to buy Activision boosted by US judgeWed, 12 Jul 2023
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1984 - Threads app signs up 100m users in less than a weekTue, 11 Jul 2023
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1968 - Blinken visit to Beijing seeks to ease US-China tensionSat, 17 Jun 2023
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1967 - Africa peace making mission aimed at aiding global economyFri, 16 Jun 2023
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1966 - US Fed leaves interest rates unchangedThu, 15 Jun 2023
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1965 - EU votes on ways to regulate AIWed, 14 Jun 2023
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1964 - Major setback in Microsoft’s bid to buy Activision BlizzardTue, 13 Jun 2023
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1953 - Biden and McCarthy ‘closer to deal’ on debt ceilingSat, 27 May 2023
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