Recent data shows that the economic growth rate of the United States slowed in the first quarter, but still exceeded expectations. According to the data released by the U.S. Department of Commerce, the quarterly GDP growth rate of the United States was 1.6%, lower than the 2.2% of the previous quarter. However, this number is still higher than the market’s expected 1.5%.
In addition, the employment market is also stable. According to the report released by the U.S. Department of Labor, the United States added 274,000 new jobs in April, far higher than the market’s expected 185,000.
Overall, the performance of the U.S. economy is still robust and has not been significantly affected by the global trade tensions.