{"id":1709,"date":"2023-05-03T09:43:39","date_gmt":"2023-05-03T16:43:39","guid":{"rendered":"https:\/\/www.lee-associates.com\/centralcoast\/?p=1709"},"modified":"2024-11-01T12:22:06","modified_gmt":"2024-11-01T19:22:06","slug":"lee-associates-q1-2023-economic-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/centralca\/2023\/05\/03\/lee-associates-q1-2023-economic-report\/","title":{"rendered":"Lee & Associates Q1 2023 Economic Report"},"content":{"rendered":"

The nation\u2019s gross domestic product slowed dramatically in the first quarter, reflecting reduced production of goods and services that rose at a seasonally adjusted 1.1% annual rate in the first three months of the year. Nevertheless, the Q1 data released by the Commerce Department shows that consumers still are spending despite higher prices driven by high inflation, which the Federal Reserve is trying to stifle by raising interest rates. Spending on travel, restaurants and other services continues to rebound. Read More…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The nation\u2019s gross domestic product slowed dramatically in the first quarter, reflecting reduced production of goods and services that rose at a seasonally adjusted 1.1% annual rate in the first three months of the year. Nevertheless, the Q1 data released by the Commerce Department shows that consumers still are spending despite higher prices driven by high inflation, which the Federal Reserve is trying to stifle by raising interest rates. Spending on travel, restaurants and other…<\/p>\n","protected":false},"author":217,"featured_media":1853,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22],"tags":[],"class_list":["post-1709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-reports","category-news"],"yoast_head":"\nLee & Associates Q1 2023 Economic Report - Lee & Associates | Central California<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/centralca\/2023\/05\/03\/lee-associates-q1-2023-economic-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee & Associates Q1 2023 Economic Report\" \/>\n<meta property=\"og:description\" content=\"The nation\u2019s gross domestic product slowed dramatically in the first quarter, reflecting reduced production of goods and services that rose at a seasonally adjusted 1.1% annual rate in the first three months of the year. Nevertheless, the Q1 data released by the Commerce Department shows that consumers still are spending despite higher prices driven by high inflation, which the Federal Reserve is trying to stifle by raising interest rates. 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