U.S. GDP Growth Slowed In Q4 2024 To 2.3% Due To Falling Inventories
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 as investment fell on inventory declines.
GDP Growth Closes Out 2024 at 2.3%, Slowing More Than Expected
Economists expect that real GDP grew about 2.3% in the period, below the third quarter’s growth rate, due to a trade deficit in goods.
The US economy ended 2024 with cooler growth than expected in the fourth quarter
Real GDP growth in the fourth quarter was short of the expected 2.7% increase.
US economy grew 2.3% in the fourth quarter, slower than expected
The U.S. economy grew at a rate of 2.3% in the fourth quarter of 2024, according to a new estimate released by the Commerce Department's Bureau of Economic Analysis.
US Economy Ends 2024 With 2.3% GDP Growth on Consumer Resilience
The US economy expanded at a solid pace at the end of 2024, fueled by a generous tailwind from consumer spending that more than offset drags from a strike at Boeing Co. and much leaner inventory investment.
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. Economy Grew Slower Than Expected Last Quarter—Weakest Q4 Since 2018
After entering a technical recession in 2022, the U.S. economy has proven resilient even amid high interest rates.
GDP: US economy grows at slower-than-expected pace in fourth quarter
The latest reading on US economic growth and inflation comes as investors debate when, or if, the Federal Reserve will resume cutting interest rates in 2025.
Treasury yields inch higher as investors await Fed’s preferred inflation gauge
U.S. Treasury yields inched higher on Friday as investors awaited the latest inflation reading as well as other economic data.
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U.S. economy ends 2024 with solid growth, up 2.8 percent for full year
The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3 percent annual rate from October through December. For the full ...
Don’t expect rate cut by Fed in January
Against a backdrop of healthy demand and stubborn inflation, officials are widely expected to say on wednesday that they’re ...
How AI could grow U.S. out of federal debt problems
AI could raise productivity growth from 0.8 to 1.5 percentage points a year. That rivals the boosts we got from the ...
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Economy Grows Solid 2.3% From October to December
The Commerce Department reported Jan. 30 that gross domestic product — the economy’s output of goods and services — expanded ...
US economy grows solid 2.3% from October to December, 2.8% for full year 2024
The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.3% annual rate from October through December. For the full year, ...
Economy grew 2.8% in 2024, holding strong despite high interest rates
The new data were published Thursday by the Bureau of Economic Analysis in its report for gross domestic product for the fourth quarter.
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Stocks dive to lowest in nearly 15 months
The local stock market suffered another crushing blow, plunging to its lowest level in almost 15 months following the US Federal Reserve’s decision to keep interest rates unchanged and a ...