GDP growth rebounded to 2% rate in first quarter
GDP grew at a 2% annual rate in the first quarter of 2025, up from 0.5% in the previous quarter, according to a preliminary Bureau of Economic Analysis report. The modest rebound comes amid ongoing concerns about inflation, which rose to 3.5% in March due to higher energy prices linked to the war with Iran. Despite solid job growth in March, consumer sentiment has declined to record lows as economic pressures persist.
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Gross domestic product grew at a 2% annual rate in the first quarter, adjusted for inflation, the Bureau of Economic Analysis reported in a preliminary reading Thursday morning. Forecasters had expected a 2.2% rate. Recommended Stories Inflation rose to 3.5% in March in Fed’s preferred gauge because of Iran war fallout GDP growth rebounded to 2% rate in first quarter Powell says he will stay on Fed board after chairmanship ends, denying Trump a spot The first-quarter growth improves on an anemic 0.5% rate in the fourth quarter of 2025, relieving some of the pressure on President Donald Trump, whose economic approval has declined because of high inflation.
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