U.S. economic growth was slower than anticipated in the first quarter with a gain of 1.6% as consumer and government spending cooled amid a pickup in inflation. Michael McKee breaks down the numbers. For more on this story, please see: https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com/ for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Bloomberg Originals: https://www.youtube.com/channel/UCUMZ7gohGI9HcU9VNsr2FJQ Bloomberg Quicktake: https://www.youtube.com/channel/UChirEOpgFCupRAk5etXqPaA Bloomberg Espanol: https://www.youtube.com/channel/UCp6zvh6_oW2pXbk0gPSjzyg Bloomberg Podcasts: https://www.youtube.com/channel/UChF5O40UBqAc82I7-i5ig6A