Bidenomics, Baby! Economic Growth Slowed Significantly In First Quarter

For those who do not understand what just happened: First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number. This reading is roughly 50% BELOW Goldman Sach's expectations. But it gets even worse. At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%. This crushed estimates of 3.4% and further suggests that inflation is on the rise. We have a weakening economy with rising inflation. The worst possible outcome for the Fed. https://pbs.twimg.com/media/GMAzSHwW4AA1D1N?format=jpg&name=medium -- GDP growth slowing to a crawl while inflation remains hot is about the worst combo you could have if you're Joe Biden. Devastating double whammy.

• More at: Twitchy - Bidenomics, Baby! Economic Growth Slowed Significantly in First Quarter
https://twitchy.com/amy-curtis/2024/04/25/usatoday-economists-say-inflation-will-slow-down-after-surge-n2395459
Twitchy: Bidenomics! Here's What Has Happened to Electricity Prices Since Biden Took Office
https://twitchy.com/dougp/2024/04/12/bidenomics-heres-what-has-happened-to-electricity-prices-since-biden-took-office-n2395015