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The first quarter saw a shrinking economy and rising prices. But it wasn't stagflation.
The latest GDP report shows the economy shrank during the first quarter — for the first time since the pandemic shutdown. And prices went up by 3.5% over the same period, according to the personal consumption expenditure price index, compared to 2.4% during the prior quarter. That kinda sounds like stagflation, right?
US economy shrinks 0.3% as companies race to get ahead of Trump tariffs
US President Donald Trump has shared his first reaction to the GDP figures which were announced this morning, which indicates the US economy shrank 0.3% in first three months of this year. On Truth Social, Trump claims: "this is Biden’s Stock Market, not Trump’s".
The U.S. economy contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s ...
Follow here for live coverage and analysis of the latest economic data. Two major reports are due today: GDP and PCE ...
Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown ...
A new report shows the first decline in the U.S. economy in three years. Trump urged patience and said his tariffs will lead ...
The U.S. Senate was poised on Wednesday to vote on a resolution to block a host of President Donald Trump's tariffs, hours ...
The U.S. economy contracted in the first quarter, but it takes more than one bad quarter of GDP for a recession to officially ...
In the final Reuters/Ipsos poll of April, Trump's approval rating holds at 42% amid concerns over the economy and immigration ...
April was one of the wildest months in recent memory for markets, capped off by a key data release that showed the economy ...
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