US first-quarter growth rebounds less than expected as inflation surges

WASHINGTON, United States — US economic growth rebounded less than expected in the first quarter as consumer spending cooled, while inflation surged in March with fallout from the Middle East war beginning to bite, government data showed Thursday. Even as the world’s biggest economy appears to remain resilient, analysts warn of its reliance on an artificial intelligence (AI) investment boom — and consumers are showing fatigue that could intensify as the energy shock from the war worsens. Gross domestic product rose at an annual rate of 2 percent in the January to March period, according to an advance estimate released by […]... Keep on reading: US first-quarter growth rebounds less than expected as inflation surges

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