U.S. Economy Contracts in Q1 as Tariff Front-Loadi…
From Financial Modeling Prep: 2025-05-01 03:34:00
The U.S. economy shrunk by 0.3% in Q1, down from +2.4% growth in Q4, due to a surge in imports driven by pre-tariff stockpiling.
Federal spending cuts and ongoing trade tensions with China are contributing to a “stagflationary” environment, impacting both output and prices.
Inflation accelerated to 3.5% year-over-year in Q1, raising concerns about persistent price pressures as economic growth slows.
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