US GDP growth revised down: In the first quarter of 2024, the US economy grew at an annualized rate of 1.3%, lower than the initial estimate of 1.6%, and significantly lower than the 3.4% growth rate in the fourth quarter of 2023. This is the lowest level since the small recession in the second quarter, when GDP fell for two consecutive quarters. The sharp downward revision is mainly reflected in the decline in household consumer spending, which increased by 2.0% month-on-month. Now the problem is funny, household consumer spending has increased, inflation is still severe, and interest rates need to be raised. At the same time, the GDP growth rate has been revised down, which may be due to concerns about the economic downturn and the need to release water quickly. Contradictory signals! !