Read more about US economy posts surprise contraction, belying solid consumer picture on Business Standard. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation
The shrank for the first time since 2020, reflecting an import surge tied to robust. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat.
