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US first-quarter growth rebounds less than expected as inflation surges

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US economic growth bounced in the first quarter, boosted by investments, but consumers are beginning to show signs of fatigue as energy costs surge

US economic growth bounced in the first quarter, boosted by investments, but consumers are beginning to show signs of fatigue as energy costs surge

US economic growth rebounded less than expected in the first quarter as consumer spending cooled, while inflation surged in March with fallout from the Middle East war beginning to bite, government data showed Thursday.

Even as the world's biggest economy appears to remain resilient, analysts warn of its reliance on an AI investment boom -- and consumers are showing fatigue that could intensify as the energy shock from the war worsens.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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