Q1 2021 US GDP: Modest Annual Rise Amidst Fed’s Inflation Management

In the first quarter, the United States’ Gross Domestic Product, when adjusted for inflation, experienced a modest rise of 1.1 percent annually. This figure marks a decline from the 2.6 percent rate seen in the previous quarter. A gradual deceleration of the economy would likely be viewed favorably by Federal Reserve policymakers, who strive to temper inflation without precipitating a surge in layoffs and joblessness.


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