Economic Growth Slows

The economic output of the United States grew at an annual rate of 2.2% in the first quarter of the year, easing from the prior quarter’s growth rate of 3%, the New York Times reports.

Reuters: “Although the details were mixed, the GDP
report offered a somewhat better picture of growth compared with the
fourth quarter, when inventory building accounted for nearly two thirds
of the economy’s growth. In the first quarter, demand from consumers
took up the slack.”