Reported about 17 hours ago
The U.S. economy is likely to have experienced a slowdown in growth during the fourth quarter as imports surged and a Boeing strike impacted aircraft spending. Despite this, strong domestic demand and a resilient labor market may lead the Federal Reserve to maintain a moderate interest rate cut path. Overall GDP growth for the quarter is anticipated to be around 2.6%, down from 3.1% in the previous quarter, influenced by a rising trade deficit and reduced business spending amid tariffs and supply chain disruptions.
Source: YAHOO