GDP increased at a 1.6% rate in the first quarter, less than expected
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.
It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.
For five of the past six weeks, the level of initial jobless filings totaled exactly 212,000.
The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024.
High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF said Tuesday.
Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.
The IMF on Tuesday raised its global growth forecast slightly, saying the economy had proven "surprisingly resilient" despite inflationary pressures.
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."
Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase.