US GDP lifts 3.3 per cent in fourth quarter
==========
The US economy grew at a 3.3% annualized rate in the fourth quarter, driven by stronger-than-expected consumer spending. Consumer spending, which accounts for about two-thirds of US economic activity, jumped 2.8% in the quarter. The Commerce Department's GDP report also shows that inflationary pressures are falling. Analysts believe that the strong fourth-quarter growth will continue into the New Year, which suggests that the US Federal Reserve may need to cut interest rates later this year. As a result of the positive GDP report, US stocks, including the S&P 500 index, reached new record highs.
https://www.skynews.com.au/world-news/united-states/us-gdp-lifts-33-per-cent-in-fourth-quarter/video/d844b12a3117dc83e04cce34fa260f79
Sky News Australia /
npub1yx…sv3ra
2024-01-26 06:59:00
Author Public Key
npub1yxey4f8s2g546xg2q0e85c82jcvdn6p3mjehsnqn5xkg4ltz3jsszsv3raPublished at
2024-01-26 06:59:00Event JSON
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"content": "US GDP lifts 3.3 per cent in fourth quarter\n==========\n\nThe US economy grew at a 3.3% annualized rate in the fourth quarter, driven by stronger-than-expected consumer spending. Consumer spending, which accounts for about two-thirds of US economic activity, jumped 2.8% in the quarter. The Commerce Department's GDP report also shows that inflationary pressures are falling. Analysts believe that the strong fourth-quarter growth will continue into the New Year, which suggests that the US Federal Reserve may need to cut interest rates later this year. As a result of the positive GDP report, US stocks, including the S\u0026P 500 index, reached new record highs.\n\n\n\nhttps://www.skynews.com.au/world-news/united-states/us-gdp-lifts-33-per-cent-in-fourth-quarter/video/d844b12a3117dc83e04cce34fa260f79",
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