US economy grew at 2.3% rate in fourth quarter

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In the fourth quarter, the US economy increased by 2.3% annual interest rate, weaker than the expected end, which prevails the stability of American consumers.

Thursday’s GDP figure from the Bureau of Economic Analysis, compared to 2.6% of economists surveyed by Bloomberg, and 3.1 percent in the third quarter.

The report comes after the Federal Reserve Rated interest ratesChair Jay Powell, saying that the economy meant that the Central Bank should not have “hastened” to reduce the cost of borrowing.

Consumer’s expenses increased most of the world’s largest economy in the fourth quarter, the government’s expenses also strengthen the numbers, said. The decline in investment has partially compensated the growth.

“It is really important to see the acceleration of consumer expenses, in particular, on the items of large tickets. The sale of cars in May 2021 passed to their highest level, “Diana Swo, who added” Diani “, contributed to the cost of services.

The US economy has expanded 2.8 percent for the total 2024, 2.9% recorded in 2023.

Bernard Yarros, who leds US economist Oxford Economics, said the slowdown in the fourth quarter was unlikely to last. “The weakness of the investment side was attributed to most of this year to return the plane investment from the unstable bump,” Yarus said.

The IMF expects US Economy Continue to develop in Europe, Canada and Japan this year. Promises to reduce the debts of President Donald Trump expect the US growth to remain stable.

But some economists fear that if Trump causes a trade war with the tariffs of commercial partners, it can erase some of those expected profits.

“The biggest risk of predicting our 2025 is the immediate compulsion of the tariffs on the main commercial partners,” said Yarus, 25 percent of Canadian and Mexico, plus additional tariffs 1.2 percentage points.

Based on the data, US government bonds were widely stable, and two-year yields lower than 0.02 percentage points, and the 10th year criterion was 0.52 percentage points.

The US shares have risen in the new York trade, buy 0.5 percent with S & P 500, and the heavy technological NASDAQ Composite also progresses by 0.6%.