U.S. GDP Report Highlights Dreaded Stagflation Concerns
Posted on 04/27/2023
Economic indicators continue to support views that U.S. growth is on a slowing trajectory as the Federal Reserve’s liquidity tightening increasingly squeezes bank lending appetite, consumer spending, business expansion plans, and corporate pricing power. In addition, U.S. gross domestic product (GDP) rose an annualized 1.1% in the first quarter of 2023, notably less than the…
