Recent data shows US economic growth at a two-year low of 1.6%, below expectations, alongside a higher-than-expected inflation rate of 3.7%. This scenario poses challenges for the Federal Reserve, sparking doubts about potential interest rate cuts.
Despite the slowdown attributed to decreased private consumption and a surge in imports, positive signs are seen in the strong labor market and increased investment in the housing sector. The situation reflects a 'worst of both worlds' with slower growth and persistent inflation, prompting concerns about the Fed's future strategies and leading to a decline in stock markets.
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