Consumer prices rose at a 4.2 percent annual rate in the first quarter, according to the data released Thursday, faster than at the end of last year and well above the Fed’s target of 2 percent. GDP Report: US Economy Grew at 1.1% Rate in Q1 - The New York …
www.nytimes.com/2023/04/27/business/economy/gdp-q1-economy.html
When the inflation exceeds the growth, we call that a recession.....
Come on man, Yahoo reported what they did because they cherry pick the info!
God knows what percentage of gdp is produced by the government at this point. Last I checked it was 42%…. In certain it’s gotten higher since the old coot got into office.
“When the inflation exceeds the growth, we call that a recession.....”
Even though it’s not.