U.S. economy expanded at 2.3% annual pace from October to December, unchanged from initial estimate

In Q4 2024, the American economy grew at a 2.3% annual rate with strong year-end consumer spending, though slower than the previous quarter’s 3.1%. For the year, growth was 2.8%. Despite low unemployment (4%) and reduced inflation from 2022 highs, uncertainties loom for 2025 with President Trump’s trade policies and mass deportations potentially impacting prices and labor. In Q4 2024, the American economy grew at a 2.3% annual rate with strong year-end consumer spending, though slower than the previous quarter’s 3.1%. For the year, growth was 2.8%. Despite low unemployment (4%) and reduced inflation from 2022 highs, uncertainties loom for 2025 with President Trump’s trade policies and mass deportations potentially impacting prices and labor.  Economic Times