US Q1 GDP is lower than expected, core PCE price index rebounds sharply

PANews reported on April 25 that the initial annualized quarterly rate of real GDP in the first quarter of the United States was 1.6%, the lowest since Q1 2023. The initial annualized quarterly rate of the core PCE price index in the first quarter of the United States was 3.7%, the highest since Q2 2023, a sharp rebound from the previous month.