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.
Source: Inman News
Shrinking economy bolsters the case for a June Fed rate cut
Published in Bureau of Economic Analysis, consumer sentiment, deficit, economy, fannie mae, federal reserve, gdp, inflation, Jerome Powell, Joel Kan, Markets & Economy, Mike Fratantoni, Mortgage, Mortgage & Alternative Financing Month, mortgage bankers association, mortgage rates, Optimal Blue, Real Gross Domestic Product, recesssion, Samuel Tombs, Select, tariff, Theme Months, theme-month-202504 and u.s.
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