U.S. Economy grew at a 2.3% pace in the fourth quarter, less than expected
- The U.S. Economy grew at a 2.3% annual rate in the fourth quarter of 2024, lower than the 2.4% anticipated by economists according to a survey by FactSet.
- Consumer spending increased by 4.2%, the fastest rate since early 2023, but business investment declined, affecting overall growth.
- The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures index, rose to 2.3% annually, up from 1.5% in the third quarter.
- Despite the slower growth, the U.S. Economy expanded by 2.8% over the full year, slightly below the 2.9% growth in 2023.
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Coverage Details
Total News Sources0
Leaning Left20Leaning Right16Center28Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 31%
C 44%
R 25%
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