WASHINGTON: The US economy expanded less than initially estimated in the first quarter, government data showed on Thursday (May 28), while a key inflation gauge separately hit a three-year high on fallout from the Middle East war . The figures sound a warning on pressures that American households are facing ahead of midterm elections, as steeper gasoline prices squeeze budgets and a boost from tax refunds fades. Gross domestic product in the world's biggest economy rose at an annual rate of 1.6

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