U.S. Economy Grows at 1.1% in Q1; Consumer Spending Keeps Recession at Bay
Higher interest rates failed to curb robust consumer spending as the U.S. economy grew for the third consecutive quarter in Q1. According to the Commerce Department, the U.S. economy grew at a slower pace of 1.1% in the first quarter of 2023. The figures indicate a decline from the 2.6% growth in the last quarter […]