U.S. Economic Growth Slows to 1.6%
U.S. economic growth slowed in the first part of the year, falling short of economists' expectations.
Gross domestic product expanded at a 1.6% seasonally- and inflation-adjusted annual rate in the first quarter, the Commerce Department said Thursday, a pullback from last year's quick pace.
Growth in the first quarter lagged behind the 2.4% projected by economists polled by The Wall Street Journal.
U.S. stock futures fell after the report. The stronger inflation pressures contributed to a selloff in bonds on Thursday morning, driving yields on...
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