US Economy Grows 1.6% In Q1, Slightly Below Expectations As Price Pressures Weigh On Spending
US Economy Grows 1.6% In Q1, Slightly Below Expectations As Price Pressures Weigh On Spending
The U.S. economy grew in the first quarter of the year, albeit at a markedly slower pace compared to the final quarter of 2023 and below economists' predictions.
美國經濟在今年第一季度實現增長,儘管與2023年最後一個季度相比速度明顯放緩,也低於經濟學家的預期。
The annualized growth rate of the Gross Domestic Product (GDP) stood at 1.6% for the recently concluded quarter, according to the advanced estimates released by the Bureau of Economic Analysis on Thursday.
根據經濟分析局週四發佈的預先估計,最近結束的季度國內生產總值(GDP)的年化增長率爲1.6%。
Q1 2024 GDP: Key Highlights
2024 年第一季度國內生產總值:主要亮點
- A growth rate of 1.6% in Q1 marks a notable slowdown from the 3.4% in the final quarter of 2023, and it fell short of the forecasted 2.5% growth according to the economist consensus.
- Core Personal Consumption Expenditure (PCE) price index – Fed's favorite inflation gauge – slowed from 3.4% in Q4 2023 to 3.7% in Q1 2023, sharply beating the expected 2%.
- Headline PCE price rose from 1.8% in Q4 2023 to 3.4%
- Real consumer spending growth slowed from 3.5% to 2.5%, below the expected 2.8%.
- 第一季度1.6%的增長率標誌着從2023年最後一個季度的3.4%明顯放緩,沒有達到經濟學家共識中預期的2.5%的增長。
- 核心個人消費支出(PCE)價格指數——聯儲局最喜歡的通脹指標——從2023年第四季度的3.4%放緩至2023年第一季度的3.7%,大幅超過預期的2%。
- 總體個人消費支出價格從 2023 年第四季度的 1.8% 上漲至 3.4%
- 實際消費者支出增長從3.5%放緩至2.5%,低於預期的2.8%。
Market Reactions
市場反應
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), inched higher by 0.1% minutes after the GDP print.
景順數據庫美元指數看漲基金ETF(紐約證券交易所代碼:UUP)追蹤的美元指數(DXY)在GDP公佈幾分鐘後小幅上漲了0.1%。
Treasury yields slightly rose by approximately 3 basis points across the curve, with the policy-sensitive 2-year yield rising to 4.95%, as traders bolstered their expectations for fewer and delayed Fed rate cuts in light of the higher-than-expected inflation figures.
美國國債收益率在曲線上小幅上升了約3個點子,對政策敏感的2年期國債收益率升至4.95%,原因是鑑於通貨膨脹數據高於預期,交易員提高了對聯儲局減少和延遲降息的預期。
Gold, as tracked by the SPDR Gold Trust (NYSE:GLD), went up 0.5%
SPDR黃金信託基金(紐約證券交易所代碼:GLD)追蹤的黃金上漲了0.5%
During Thursday's premarket trading, futures on major U.S. indices were all in the red, driven by a sharp drop of about 15% in tech giant Meta Platforms Inc. (NASDAQ:META) following the issuance of a weak revenue guidance for the second quarter, overshadowing the company's better-than-expected first quarter results.
在週四的盤前交易中,受科技巨頭Meta Platforms Inc.(納斯達克股票代碼:META)發佈第二季度收入指引後急劇下跌約15%的推動,美國主要指數期貨均處於虧損狀態,這使該公司第一季度業績好於預期。
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