The U.S. economy expanded throughout 2024, but growth slowed in the last three months of the year as businesses pulled back on investments and exported fewer goods overseas.
Fourth quarter increases in consumer and government spending were partially offset by decrease in investment and imports.
Treasury yields were down Thursday morning, but pared declines as investors weighed a report showing U.S. economic growth expanded slightly less than expected in the fourth quarter. The yield on the 10-year Treasury note was falling about 3 basis points to around 4.
Change in gross domestic product over time is perhaps the most comprehensive and widely cited indicator of overall economic health for any country or region. And by this measure, the U.S. has outperformed many of its peers on the world stage in recent years.
Economists like me rely on data from federal data collection agencies like the Bureau of Labor Statistics (BLS) and the Bureau of Economic Analysis (BEA). They provide critical data on
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the "advance" estimate released by the U.S. Bureau of Economic A
“When households are increasingly willing to empty their wallets for non-discretionary items in recreational categories, it’s usually a vote of confidence in the health of the economic expansion,” said Mike Reynolds, vice president of investment strategy at Glenmede.
The big test for product comes in 2026, when VW tries to play catch-up in electric vehicles with four models priced below 25,000 euros, according to industry analyst Matthias Schmidt. The U.K.'s housing market appears to be stronger than what many had thought, RBC Capital said, with mortgage approvals up 31% on year in 2024.
A barrel of Brent fell to USD76.26 early Friday from USD77.18 at the time of the London equities close on Thursday. An ounce of gold rose to USD2,794.27 from USD2,793.57. Gold rose as high as USD2,799.86 on Friday, its best level.
Gross domestic product — the value of all goods and services produced across the economy — grew at a 2.3% annual rate, down from 3.1% in the third quarter, the Commerce Department estimated Thursday.
The U.S. Treasury on Thursday said it was withdrawing from the network of central banks and regulators focused on curbing climate change.