Consumer spending fueled growth, despite ongoing fears about inflation.
Real GDP growth in the fourth quarter was short of the expected 2.7% increase.
U.S. real Gross Domestic Product increased 2.3% at an annual rate in the fourth quarter of 2024, according to a Thursday ...
Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.
U.S. economic growth decelerated in the fourth quarter, but still grew at a solid rate, powered by an uptick in consumer spending. ...
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 ...