Shrinking economy bolsters the case for a June Fed rate cut

Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth.

May 1, 2025 - 03:56
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Shrinking economy bolsters the case for a June Fed rate cut
Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth.