The US economy has slowed in the first quarter of this year, A customer shops at a store on March 14, in Miami, Florida.
Mandatory Credit: Joe Raedle/Getty Images
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The US economy grew at a much slower pace in the first quarter
US economic growth slowed to an annualized and seasonally adjusted rate of 1.1% in the first quarter of this year, as businesses rebalanced their inventories and pulled back on spending amid punishing rate hikes from the Federal Reserve.
