US economy grew 2.3% in the fourth quarter, slower than expected

In the fourth quarter, the US economy has grown more slowly than in the fourth quarter, according to new data issued on Thursday.

Bureau of the Economic Analysis of the Trade Department issued its down payment for the gross domestic product of the fourth quarter (GDP), which has found The United States has grown In the fourth quarter, at a rate of 2.3% per year, which passes from October to December.

The LSEG economists expected that the economy would increase by 2.6% in the quarter. 2.3% growth in the fourth quarter was slow than the 3.1% GDP growth in the third quarter.

GDP growth It was mainly due to the growth of consumers and government spending, but partially compensated for investment.

The Federal Reserve maintains interest rates in the uncertainty of stable inflation

Consumer costs In the fourth quarter, it increased by 4.2%, and the growth of goods and goods. In the second quarter, it increased from 3.7% to 2.8%. Government expenses In the fourth quarter, it increased by 2.5%, which was slow as a 5.1% increase in the third quarter.

Business Investments: Compared to the fourth quarter, 5.6% fell compared to the third quarter, which was relatively an apartment by 0.8%. The investment of equipment decreased by 7.8%, and in 2.2% structures, which was partially reimbursed by 5.3% of residential investment and imports intellectual property products.

The existing home sales decreases at the lowest level in about 30 years

Consumer’s expenses helped the growth of GDP in the fourth quarter. (Matthew Hatcher / Bloomberg Via Getty Images / Getty Images)

One-time personal income increased by 2.8%, accelerating 1% and 1.1%, respectively, respectively.

Personal savings The fourth quarter amounted to $ 896 billion, from $ 936 billion in the previous quarter. Personal savings, as a percentage of personal income, was 4.1% in the fourth quarter.

The Bea report also included an assessment of the real GDP of 2024, which has increased by 2.8% by 2.9% by 2.8%.

The probability of the US decline is decreasing. Nabe economists

Business’s introduction slowed in the fourth quarter. (Andrew Magnum / Bloomberg Getty Images / Getty Images)

“The GDP in the fourth quarter in 2024 shut the surprisingly strong year,” said Morgan Stanley’s Chief Economic Economic Strategy, Elen Zent. “The US consumer has been inadmissible, which has been provided with a strong labor market and lending to the work of wealth. Still inflation is a little too high that the federation’s desire, and the scale is rising on March. “

Is Federal Reserve On Wednesday, he met and held three consecutive interest rate reductions after the stable rates of interest rates on uncertainty about inflation.

Get Fox Business Go by clicking here

The next meeting of the Central Bank is scheduled for March, and the market views the probability of a continuous cessation as it rises.

According to the CME FedWatch tool, the probability of remaining prices in the current target line increased by 82% to 77.2% by 82% on Wednesday.