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.
Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.
US economy grew 2.3% in 4th quarter, slower than expected
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U.S. GDP Grew 2.5% in 2024, but Slowed Slightly in Final Quarter
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U.S. economy grew 2.3% in fourth quarter, below expectations
U.S. Economy Grew Slower In Fourth Quarter, But Still Solid
U.S. economic growth decelerated in the fourth quarter, but still grew at a solid rate, powered by an uptick in consumer spending.
WASHINGTON (AP) — 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 and services — expanded at a 2.3% annual rate from October through December.
A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump
U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce
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 and services—expanded at a 2.
The second busiest week of earnings season includes four of the Magnificent 7. Chair Powell’s comments will be more important for markets than the Fed's rate decision.
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, the economy grew a healthy 2.8%, compared with 2.9% in 2023.
The U.S. economy expanded throughout 2024, but growth slowed in the last three months of the year as businesses pulled back on investments and exported fewer goods overseas.
The Dow and other major indices edged higher following earnings reports from tech giants Tesla (TSLA), Meta (META), and Microsoft (MSFT). However, AI stock Nvidia (NVDA) dropped another 2%, continuing its decline after it was hit hard by the launch of DeepSeek’s efficient-yet-thrifty AI model.
Thursday’s report on U.S. gross domestic product growth in the fourth quarter was slower than expected, but “the economy ended 2024 on a strong note,” according to FHN Financial. “Domestic demand is strong,
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