US Economy Slows to 2.3% in Q4, But Strong Consumer Spending Fuels Hopes for Gradual Rate Cuts
US Economy Slows in Q4: Robust Spending Keeps Rate Cut Hopes Alive The US economy experienced a slowdown in the fourth quarter of 2024, with gross domestic product (GDP) increasing at a 2.3% annualized rate. This marked a deceleration from the 3.1% growth pace seen in the July-September period. Despite the cooling down from earlier … Read more
