President Joe Biden’s economic policies are proving to be even more disastrous than first thought, as the federal government’s own figures indicate.
In the first quarter, the U.S. economy grew by paltry 1.1 percent, a decrease from a still-measly 2.6 percent growth seen in the fourth quarter, as per the Bureau of Economic Analysis (BEA). The growth rate also fell short of the anticipated 2 percent as projected by economists, The Epoch Times reported . “This was the slowest quarterly growth since the second quarter of 2022,” the outlet continued.
Over the past year, the Federal Reserve has raised interest rates, resulting in an increase of the benchmark Fed funds rate by 475 basis points, the highest level since late 2007, but it should be noted that the Fed had to raise rates in order […]
Excerpt Sourced From: discernreport.com
