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Channel: PMIs, UMich Revision Turn the Vessel Around: Jan. 24, 2025
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Economic Update: June 10, 2024

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Growth The U.S. economy grew 1.3% q/q saar in 1Q24, falling short of expectations for 2.5% growth. That said, weakness at the headline level masked some of the underlying strength in the report. Consumer spending rose by a downwardly revised 2.0% as spending on services more than offset a decline in goods spending, while the […]

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