GDP grew at a rhythm of 2.3% in the fourth quarter, less than expected

The US economic growth was slowed down a little more than expected in the last three months of 2024, the Department of Trade reported on Thursday.

The internal gross product, during the period of all goods and services created during the U.S. economy showed that the economy accelerated the annual rhythm every year in the fourth quarter. Dow Jones surveyed economists expected 2.5% after increasing by 2.5% in the third quarter.

The report will close outside 2024 in a slightly descending note, even if growth is sensible. For the full year, GDP accelerated 2.8% in 2023 compared to 2.9%. The first of Thursday’s departments will be the Department’s Economic Analysis Office.

The growth remained largely on the consumer’s back load the burden of large costs of large costs, despite eggs in house cars, in the supermarket. While the inflation is boiling, from 2022 to the age of 2022, it remains a burden for home, especially those at the bottom end of the income scale.

Consumer expenditure rose by 4.2% in a solid rhythm and, as usual, were about two-thirds of all activities. Government expenditure also gave a boost, accelerating at 3.2%.

It was a trace of growth at the time of commercial, with imports, calculating GDP, 0.8%. Exports also reduced 0.8%. Gross domestic investment fell by 5.6%, and vibes more than one more than one percent.

In other economic news on Thursday, the initial unemployment claims were 207,000 in the week ending on January 25, with a significant decline in 16,000 and below 228,000. The claims that go behind the week were constantly fell by 42,000 and 1.86 million.

The resilience resilience of the US economy and inflation has enabled the federal resilience residence resilience to assume the patient’s economic position. Although the Fed has reduced the full percentage point in the last four months of 2024, the officials stated that aggressive restrictions are unlikely.

At the recently ended Fed meetings, the central banker had no indication that they hope to get cuts soon, chair Powell does not rush.

Fed officials expressed some concerns whether the lower movements of inflation stops. The Thursday report showed the prices of the weighted price, which measures prices and accounts that represent more expensive products for more expensive products, which rose by 2.2% in Q3, but below 2.3% estimation.

This is breaking the news. Update updates.