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.
美国经济在今年第一季度实现增长，尽管与2023年最后一个季度相比速度明显放缓，也低于经济学家的预期。
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.
根据经济分析局周四发布的预先估计，最近结束的季度国内生产总值（GDP）的年化增长率为1.6％。
Q1 2024 GDP: Key Highlights
2024 年第一季度国内生产总值：主要亮点
- 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％的增长率标志着从2023年最后一个季度的3.4％明显放缓，没有达到经济学家共识中预期的2.5％的增长。
- 核心个人消费支出（PCE）价格指数——美联储最喜欢的通胀指标——从2023年第四季度的3.4％放缓至2023年第一季度的3.7％，大幅超过预期的2％。
- 总体个人消费支出价格从 2023 年第四季度的 1.8% 上涨至 3.4%
- 实际消费者支出增长从3.5％放缓至2.5％，低于预期的2.8％。
Market Reactions
市场反应
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.
景顺数据库美元指数看涨基金ETF（纽约证券交易所代码：UUP）追踪的美元指数（DXY）在GDP公布几分钟后小幅上涨了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.
美国国债收益率在曲线上小幅上升了约3个基点，对政策敏感的2年期国债收益率升至4.95％，原因是鉴于通货膨胀数据高于预期，交易员提高了对美联储减少和延迟降息的预期。
Gold, as tracked by the SPDR Gold Trust (NYSE:GLD), went up 0.5%
SPDR黄金信托基金（纽约证券交易所代码：GLD）追踪的黄金上涨了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.
在周四的盘前交易中，受科技巨头Meta Platforms Inc.（纳斯达克股票代码：META）发布第二季度收入指引后急剧下跌约15％的推动，美国主要指数期货均处于亏损状态，这使该公司第一季度业绩好于预期。
Now Read: Treasury Yields Reach 5-Month High, Lift Mortgage Rates; Expert Warns 'Federal Debt Blob Is Out Of Control'
现在阅读： 美国国债收益率达到5个月高点，提高了抵押贷款利率；专家警告 “联邦债务集团失控”
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图片：Shutterstock