Market Updates
GDP Growth Slowed and Inflation Accelerated In the First Quarter
Brian Turner
25 Apr, 2024
Washington, D.C.
First quarter GDP growth fell short of expectations due to lower investment in inventories, the U.S. Bureau of Economic Analysis reported Thursday.
GDP in the first quarter expanded at an annual pace of 1.6%, sharply lower than the 3.4% annual rate in the final quarter of 2023.
Increases in consumer and government spending and residential and non-residential fixed investment were offset by a decrease in private inventory investment.
Moreover, personal consumption price index, a measure of inflation, rose at 3.4%, faster than 1.8% in the previous quarter, and core PCE index, which excludes food and energy prices, accelerated 3.7% from 2.0%.
The yield on 10-year Treasury notes rose to 4.71% after the release of the GDP report on the worry that interest rates are likely to stay elevated, after economic growth slowed and inflation accelerated.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|