Economic Buzz: US Economic Growth Continues To slow

Economic growth in the US continued to slow in the first quarter of 2018, according to a report released by the Commerce Department on Friday. The Commerce Department said real gross domestic product climbed by 2.3% in the first quarter compared to the 2.9% spurt in the fourth quarter. With consumer expectations dropping less than previously indicated, the University of Michigan released a report on Friday showing consumer sentiment in the US deteriorated by less than initially estimated in the month of April. The report said the consumer sentiment index for April was upwardly revised to 98.8.