Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November ...
The economy appeared on track to post a robust 3% annual growth rate in the final three months of 2024. [Then the December trade deficit spiked.]( ...
The numbers: The U.S. economy grew at a mild 2.3% annual pace in the final three months of 2024, but the details of the report showed an economy on strong footing as the Biden administration handed ...
It comes after the US Federal Reserve left its benchmark interest rate unchanged after making three cuts since September.
Consumer spending, which comprises the largest share of economic activity, advanced at a 4.2% pace — the first time since late 2021 that outlays have exceeded 3% in consecutive quarters.
The U.S. economy headed into 2025 on a solid footing, as a strong labor market helped power consumers’ spending in the final ...