The U.S. economy is losing steam. Bank woes and other hurdles are to blame.
Growth in the country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.
by Scott Horsley
Apr 27, 2023
3 minutes
From banks to burger joints, the U.S. economy is showing signs of stress as nervous shoppers dial back their spending and anxious lenders keep a tight grip on credit.
A report from the Commerce Department to be released on Thursday is expected to show slower economic growth during the first three months of the year than in the previous quarter.
And the economy is projected to lose more steam in the months to come, as
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