Published On Oct 30, 2024, 9:24 AM
The U.S. economy grew at an annual rate of 2.8% in the third quarter of 2024, which is lower than the expected growth rate of 3%. This growth was attributed to strong consumer spending and easing inflation. The slower-than-anticipated GDP growth may raise concerns about future economic performance and could influence fiscal and monetary policies.
Negative
With the GDP growth coming in below expectations, there may be increased scrutiny on consumer spending patterns and potential impacts on economic policy, which could lead to volatility in certain sectors. Generally, lower GDP growth may dampen stock market enthusiasm in the short term.
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