US EditionU.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate
- The U.S. economy expanded at a healthy 2.4% annual rate in the fourth quarter of 2024, supported by a surge in consumer spending.
- For the full year 2024, the U.S. Economy grew 2.8%, down slightly from 2.9% in 2023.
- The Federal Reserve's favored inflation gauge, the PCE price index, rose 2.4% annually in Q4, above the Fed's 2% target.
70 Articles
70 Articles
U.S. economy grew 2.4% in Q4 amid consumer spending surge
WASHINGTON, United States— The U.S. economy expanded at a healthy annual 2.4 percent pace the final three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-quarter growth. But it’s unclear whether the United States can sustain that growth as
Odessa American
Decatur DailyUS economy grew 2.4% in the 4th quarter after upgrade in final growth estimate
By PAUL WISEMAN AP Economics Writer WASHINGTON The U.S. economy expanded at a healthy annual 2.4% pace the final three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-quarter growth. But it’s unclear whether the United States can sustain that growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass depo…
US Q4 GDP revised upwards but tariff worries linger
The US economy expanded at a slightly faster pace than estimated in the final three months last year, according to government data released today, but uncertainty over President Donald Trump's economic policies clouds the outlook.
4th Quarter GDP Beats Market Estimates; Consumers, Government Drive Growth
New government data show that the U.S. economy slowed in the fourth quarter but still finished 2024 on a solid footing. According to the Bureau of Economic Analysis’s third estimate for the fourth quarter of last year, the GDP growth rate was 2.4 percent, down from the previous quarter’s 3.1 percent. The consensus forecast indicated a 2.3 percent reading for the October–December period. The last estimate was also revised 0.1 percent higher for t…
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