US economy grew 2.3% in fourth quarter
Published On Feb 27, 2025, 8:44 AM
The U.S. economy grew at an annual rate of 2.3% in the fourth quarter of 2024, according to the Commerce Department's Bureau of Economic Analysis. This growth rate aligns with previous estimates and economists' expectations. While there was a previous expectation of 2.6% growth, the confirmed rate remained consistent with prior estimates. This indicates a stable economic environment heading into 2025, despite slightly lower growth than initially anticipated.
Stock Forecasts
SPY
Positive
The steady GDP growth suggests continued resilience in the economy, potentially benefiting sectors tied closely to consumer spending and service industries as economic confidence remains stable. However, a downward revision from initial expectations may lead to cautious sentiment among investors. Overall, sectors that thrive in stable economic conditions could see positive momentum.
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