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U.S. Economy grew at a 2.3% pace in the fourth quarter, less than expected

  • The U.S. Economy's gross domestic product grew at a 2.3% annual rate in the fourth quarter of 2024, as reported by the Commerce Department.
  • Consumer spending increased at a 4.2% rate, despite persistent inflation and challenges from high borrowing costs.
  • The Federal Reserve held interest rates steady, indicating the challenges posed by persistent inflation and high borrowing costs.
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  • 47% of the sources are Center
47% Center
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Forbes broke the news in United States on Thursday, January 30, 2025.
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