re: US economy grew by just 1.6% in the first quarter, a much slower pace than expected

quote:

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Good

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Yes and no.

Good in theory, because it would indicate the rate hikes have cooled things off and inflation should be checking up.

Bad because inflation hasn't checked up, so in THAT case, you'd at least want a red hot economy to go with it.

Inflation + cooling economy = stagflation. That's a situation that is very difficult to get out of.