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The economy grew 2.3% in the fourth quarter. What it could mean for Fed rate cuts
The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed plans for more rate cuts
GDP grew at a 2.3% pace in the fourth quarter, less than expected
Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized pace in the fourth quarter. Economists surveyed by Dow Jones had been expecting an increase of 2.5%.
The US economy ended 2024 with cooler growth than expected in the fourth quarter
US real gross domestic product increased at an annualized rate of 2.3% in the fourth quarter, well below the forecast of 2.7%. That growth indicates a cooler economy than in the second and third quarters of the year.
U.S. economic growth cooled at the end of 2024
This story incorporates reporting from Business Insider, Forbes and Barron’s on MSN.com.The U.S. economy experienced slower-than-expected growth in the final quarter of 2024. According to preliminary estimates from various economic analysts,
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U.S. Economy Finished the Year on Strong Note, but Faces Hurdles
Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy ...
9h
6 Retail Predictions For 2025
Discretionary categories like luxury and big ticket home purchases performed disproportionately poorly as inflation remained ...
Marketplace
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GDP shows spenders keep spending despite high interest rates
Economic growth was healthy in 2024, coming in at 2.8% compared to 2.9% in 2023. The continuing expansion is driven by ...
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