The U.S. economy grew at an annualized rate of 1.3% in Q1 2024, down from an initial estimate of 1.6%. This slower growth, driven by reduced consumer spending, has eased Treasury yields and raised bond ETFs like the iShares 7-10 Year Treasury Bond ETF (IEF). Economists are divided on whether this will prompt the Federal Reserve to cut interest rates, with some suggesting that inflation remains a significant concern.