First-quarter GDP chopped to 1.6%. Here’s why — and what it tells us about the economy.

AI Summary

The U.S. economy's GDP growth for the first quarter was revised down to 1.6%, indicating moderate economic performance. While not disastrous, this revision suggests underlying weaknesses in economic growth trends.

The U.S. economy wasn’t all that great in the first three months of the year. But it wasn’t terrible, either.