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.
U.S. gross domestic product grew by 2,3% in Q4 2024 after expanding by 3.1% in Q3. Consumption was the lion's share of growth ...
Growth slowed but remained resilient at the end of 2024, leaving the US economy on solid footing heading into a new year — ...
The Federal Reserve maintained steady interest rates in January amid slowing inflation progress and uncertainty surrounding ...
The US tightened its grip on the title of world’s biggest economy in 2024 as an irrepressible American consumer helped it ...
Growth was driven mostly by household consumption, which rose at an annualised rate of 4.2 per cent in the fourth quarter — well above consensus expectations of a 3.2 per cent rise, and above the ...
GDP grew 2.3 per cent annually in the fourth quarter of 2024, down from 3.1 per cent in previous quarter. Read more at ...
The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded ...
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.
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