Traders work on the floor of the New York Stock Exchange on the first trading day of 2024 on Jan. 2, 2024 in New York City.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeby his then-personal lawyer before the 2016 election. Trump is the first former U.S. president to be convicted of a crime.
Want to gauge the health of the U.S. economy? Ask a retail CEO. After all, consumer spending, the lifeblood of the economy, accounts for roughly two-thirds of GDP. The broader economic picture has also lost some of its shine since the end of last year. The Commerce Department revised first-quarter GDP growth downward to 1.3%, a notable decrease from the initial estimate of 1.6%. And probably the most important part of the read was the reduction of consumption, from 2.5% growth to 2%.. On Interest rates, he said: "I do think that monetary policy is restrictive and is bringing the economy a better balance.
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