The Commerce Department's revised measure on Thursday of growth in the nation's gross domestic product - the economy's total output of goods and services - marked a deceleration from the second half of 2022
In its update to Global Macro Outlook 2022-23, Moody's said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months this year
Powell stressed that the Fed's primary goal is to reduce inflation but said he still hopes to achieve a “soft landing”
Official data on the economy is expected to be released on May 31
