US Economy Still Bounces, but at a Cooler Pace
Late December 2024 – The latest snapshot shows the U.S. economy expanding at an annualised rate of 2.3 % in the fourth quarter. That’s a notch below what most pundits were banking on, and it signals a bit of a slowdown from the previous period.
What Does That Really Mean?
- Even with the dip, the overall growth for 2024 comes out to roughly 2.8 %, a figure that aligns nicely with the CEBR forecasts.
- The U.S. has consistently outperformed its major peers. Those nations are wrestling with stubborn inflation, tight credit, and softer growth.
- Because the economy is still showing strength and jobs are plentiful, the Federal Reserve feels safe keeping rates on the current plateau.
Why Should You Care?
Another tick up for your bank account? Possibly. But investors and homemaker budgets alike should brace for a steadier pace— no big boom or bust on the horizon.
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