U.S. economic growth slowed in the first quarter. The Commerce Department reported that U.S. gross domestic product (GDP) grew a meager 1.6%, a lot lower than the 3.4% recorded in the final quarter of 2023. The report mentioned that consumer spending somewhat moderated from January through March, which slowed down the economy. However, the report also said that consumer spending remains solid, and has been driving the economy. Consumer spending, which accounts for over two-thirds of U.S. economic activity, ...