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U.S. economy grew 2.3% in 4th quarter
The economy grew 2.3% in the fourth quarter. What it could mean for Fed rate cuts
That’s down from a 3.1% increase in the third quarter and an average 2.6% pace the first nine months of the year. Economists surveyed by Bloomberg had forecast a 2.6% increase in output.Start the day smarter.
US economy slows in the fourth quarter; spending robust
Gross domestic product increased at a 2.3% annualized rate last quarter after accelerating at a 3.1% pace in the July-September quarter.
U.S. Economy Grew Slower Than Expected Last Quarter—Weakest Q4 Since 2018
After entering a technical recession in 2022, the U.S. economy has proven resilient even amid high interest rates.
Biden, fuel economy
US moves to repeal Biden administration vehicle fuel economy standards
New U.S. Transportation Secretary Sean Duffy signed an order on Tuesday directing U.S. regulators to rescind landmark fuel economy standards issued under President Joe Biden that aimed to drastically reduce fuel use for cars and trucks.
Transportation Secretary Seeks Rollback of Biden’s Fuel Economy Standards
The order is the latest Trump administration effort against Biden-era initiatives that intended to promote electric vehicles and reduce greenhouse gas emissions.
Trump Transportation secretary moves to undo Biden fuel standards in first act
In his first act in office, new Trump Transportation Secretary Sean Duffy signed a memorandum directing the agency to review former President Joe Biden’s fuel economy standards, which aim to reduce vehicle emissions.
3h
on MSN
U.S. growth slowed at end of 2024, GDP shows, but economy looks good under the hood
The U.S. grew at a mild 2.3% annual pace in the final three months of 2024, but the details of the report showed an economy ...
1d
on MSN
Americans Are Changing Their Mind on the Economy
Confidence in the U.S. economy is inching upward, according to a new poll, though lingering doubts are still strong.
7h
on MSN
Europe’s economy showed zero growth at end of 2024 as eurozone’s biggest economy Germany struggled
Europe’s economy has stagnated at the end of last year as former growth engine Germany floundered to the end of a second ...
3h
European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers ...
The Economist
7h
Can Germany’s economy stage an unexpected recovery?
In the early 2000s, the complaints were similar...We missed that underneath the surface many things were changing,” says Jens ...
5h
Mexico's economy posts first quarterly contraction since 2021
Mexico's economy shrank more than expected in the fourth quarter on a sequential basis, preliminary data from national ...
1d
Is China’s Economy Entering ‘Historical Garbage Time’? Part 1
China is suffering from deflation, devaluation, capital flight and the loss of foreign investment — all at the same time.
1d
Could a ‘nightlife manager’ help revitalize Providence’s after-dark economy?
The sector is a critical part of the city’s character, but revenue remains below pre-COVID levels and business owners say ...
4h
on MSN
U.S. economy grows solid 2.3% from October to December, 2.8% for full year 2024
The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department ...
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