Reported about 9 hours ago
In the fourth quarter, the US economy grew at an annualized rate of 2.3%, falling short of the anticipated 2.6%. This growth was driven by consumer and government spending, though investment drops hindered overall gains. For the year, growth was at 2.8%, slightly down from 2023's 2.9%. The Federal Reserve remains cautious about adjusting interest rates amid firm employment and inflation concerns.
Source: YAHOO