US economy resilient despite moderation in growth in fourth quarter
U.S. economic growth slowed in the fourth quarter as a strike at Boeing depressed business investment in equipment, but consumer spending increased at its fastest pace in nearly two years, underscoring strong domestic demand that probably keeps the Federal Reserve on a slow interest rate cut path this year.
US economic growth slows despite consumers spending more
Economic growth in the US slowed at the end of last year, as trade and investment declined and the country was hit by hurricanes and labour strikes. The economy expanded at an annual rate of 2.3% between October and December, down from 3.1% in the three months before, according to the US Commerce Department.
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald ...
Growth slowed but remained resilient at the end of 2024, leaving the US economy on solid footing heading into a new year — ...
The US tightened its grip on the title of world’s biggest economy in 2024 as an irrepressible American consumer helped it ...
Howard Lutnick, president Donald Trump’s nominee to lead the Commerce Department, offers a detailed defence of tariffs in his ...
Tourism is booming in Spain, helping the economy rival even healthy US growth. It will also be a buffer against Trump’s tariffs.
16hon MSN
The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods ...
Gross domestic product — the economy's output of goods and services — expanded at a 2.3% annual rate from October through December.
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