The US economy is showing signs of strength, with GDP growth at a healthy 2.8% annual rate from July through September. Consumer spending is also on the rise, accelerating to a 3.7% annual pace last quarter. This is positive news, but it's important to note that inflation has been steadily cooling. The Federal Reserve will need to carefully balance its policies to support growth while keeping inflation under control. #economy #growth #inflation #gdp #consumers #federalreserve
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The US economy slowed more than anticipated in Q1 2024, with GDP growth cooling to a modest 1.6%. Despite this slowdown, the resilience in consumer spending and strong job market hint at continued economic health. With the Federal Reserve poised to keep interest rates steady, eyes are now on future rate adjustments as inflationary pressures persist. https://lnkd.in/dGMcjSj6 #USEconomy #GDP #FederalReserve #Inflation
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The U.S. economy expanded at a solid rate of 2.8% in the last quarter, primarily fueled by strong consumer spending. However, as inflation continues to moderate, the Federal Reserve has started cutting interest rates, signaling more good news for consumers and businesses. Read more: #USEconomy #ConsumerSpending
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Yearly inflation in the U.S. has dropped to 2.5%, close to pre-pandemic levels, without the significant unemployment many economists expected. This unexpected stability is allowing millions of workers to maintain their jobs and enjoy real wage growth, supporting consumer spending and overall economic strength. If this trend continues, it could foster a more resilient economy that benefits American families and businesses alike. #Inflation #Economy #Employment
Beating the Forecasts: How the US Economy Defied Expectations | CEA | The White House
whitehouse.gov
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The American economy ended 2024 positively, with consumer spending driving growth. The Commerce Department reported that GDP grew at an annual rate of 2.3% from October to December, resulting in a yearly growth rate of 2.8%, down from 2.9% in 2023. Consumer spending rose by 4.2%, the fastest pace since early 2023. However, business investment declined, particularly in equipment spending. A report also indicated ongoing inflationary pressures, with the personal consumption expenditures (PCE) index increasing at an annual rate of 2.3% last quarter, up from 1.5% in Q3. Read more at https://lnkd.in/gxe76MqH #economy #GDP #ConsumerSpending #inflation #realestateinvestor
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Despite ongoing inflation concerns, the U.S. economy continues to show resilience, according to recent GDP data. Key insights to keep in mind: 📊 The U.S. GDP grew at an annual rate of 2.1%, indicating steady economic growth. 🛍️ Consumer spending remains robust, fueling economic activity despite higher prices. The Federal Reserve's actions aim to balance growth and inflation, ensuring long-term stability. Our nation’s economy continues to defy critics, showing a robustness that can be encouraging. Long-term forecasting is still tricky, with many factors, including the Fed, at play. Do you believe this economic resilience is sustainable in the long run? #Economy #GDPGrowth #Inflation #ConsumerSpending #FederalReserve #EconomicTrends Source: https://lnkd.in/gGK2gy3N
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Despite ongoing inflation concerns, the U.S. economy continues to show resilience, according to recent GDP data. Key insights to keep in mind: 📊 The U.S. GDP grew at an annual rate of 2.1%, indicating steady economic growth. 🛍️ Consumer spending remains robust, fueling economic activity despite higher prices. The Federal Reserve's actions aim to balance growth and inflation, ensuring long-term stability. Our nation’s economy continues to defy critics, showing a robustness that can be encouraging. Long-term forecasting is still tricky, with many factors, including the Fed, at play. Do you believe this economic resilience is sustainable in the long run? Share your thoughts! #Economy #GDPGrowth #Inflation #ConsumerSpending #FederalReserve #EconomicTrends #FinancialPlanning Source: https://lnkd.in/e7JnBTrz
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Despite ongoing inflation concerns, the U.S. economy continues to show resilience, according to recent GDP data. Key insights to keep in mind: 📊 The U.S. GDP grew at an annual rate of 2.1%, indicating steady economic growth. 🛍️ Consumer spending remains robust, fueling economic activity despite higher prices. The Federal Reserve's actions aim to balance growth and inflation, ensuring long-term stability. Our nation’s economy continues to defy critics, showing a robustness that can be encouraging. Long-term forecasting is still tricky, with many factors, including the Fed, at play. Do you believe this economic resilience is sustainable in the long run? Share your thoughts! #Economy #GDPGrowth #Inflation #ConsumerSpending #FederalReserve #EconomicTrends #FinancialPlanning Source: https://lnkd.in/e7JnBTrz
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Despite ongoing inflation concerns, the U.S. economy continues to show resilience, according to recent GDP data. Key insights to keep in mind: 📊 The U.S. GDP grew at an annual rate of 2.1%, indicating steady economic growth. 🛍️ Consumer spending remains robust, fueling economic activity despite higher prices. The Federal Reserve's actions aim to balance growth and inflation, ensuring long-term stability. Our nation’s economy continues to defy critics, showing a robustness that can be encouraging. Long-term forecasting is still tricky, with many factors, including the Fed, at play. Do you believe this economic resilience is sustainable in the long run? Share your thoughts! #Economy #GDPGrowth #Inflation #ConsumerSpending #FederalReserve #EconomicTrends #FinancialPlanning Source: https://lnkd.in/e7JnBTrz
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Despite ongoing inflation concerns, the U.S. economy continues to show resilience, according to recent GDP data. Key insights to keep in mind: 📊 The U.S. GDP grew at an annual rate of 2.1%, indicating steady economic growth. 🛍️ Consumer spending remains robust, fueling economic activity despite higher prices. The Federal Reserve's actions aim to balance growth and inflation, ensuring long-term stability. Our nation’s economy continues to defy critics, showing a robustness that can be encouraging. Long-term forecasting is still tricky, with many factors, including the Fed, at play. Do you believe this economic resilience is sustainable in the long run? Share your thoughts! #Economy #GDPGrowth #Inflation #ConsumerSpending #FederalReserve #EconomicTrends #FinancialPlanning Source: https://lnkd.in/epDWKE3A
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