U.S. economic growth slowed in first quarter, falling short of forecasts

The U.S. economy's maturation slowed successful nan first 4th of 2024, falling short of economists' forecasts, nan authorities reported connected Thursday.

The figures published by nan bureau of Economic Analysis showed gross home merchandise roseate astatine a 1.6% annualized clip during nan first 3 months of nan year, aft expanding 3.4% successful nan 4th fourth of 2023.

The statement among economists surveyed by FactSet was that gross home merchandise grew astatine a 2.2% complaint past quarter, down from a revised 3.4% successful nan past 3 months of 2023.

— This is simply a processing story.