US Economic Growth Misses Expecations – Dow Jones Drops

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The US Economy missed growth expectations in data released Thursday.

Experts expected the economy to grow at a 2.2% rate – it only grew at a 1.6% rate.

CNN reported:

The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates, but the Federal Reserve has made it clear it’s in no rush to cut rates.

Gross domestic product, which measures all the services and goods produced in the economy, measured an annualized rate of 1.6% in the first quarter, the

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