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The U.S. economy contracted 1.4 percent in the first quarter, new Bureau of Economic Analysis data show. The market had forecast growth of 1.1 percent.

United statesWhite houseDistrict of columbiaNick reeceJerome powellAndrew moranDavid folkerts landauMarc scudillioBureau of economic analysisMorgan stanleyFederal reserve bankGiant foodMarket committeeGoldman sachsDeutsche bankMerk research