MNI BRIEF: US 1Q GDP Slows To -0.3%, Core PCE Inflation 3.5%

Apr-30 13:14By: Jean Yung
Federal Reserve

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U.S. GDP growth contracted in the first quarter at a -0.3% annual rate, dragged down by surging imports as firms tried to get ahead of President Trump's tariffs, the Bureau of Economic Analysis said Wednesday in its advance estimate. Wall Street fore...