US economy expected to show slower growth in Q4, with a nowcast predicting 2.4% increase

From Investing.com: 2025-01-14 07:56:00

The US economy is expected to show slower growth in Q4, with a nowcast predicting a 2.4% increase, down from Q3’s 3.1%. The pace reflects a healthy but slower expansion due to the economy transitioning from pandemic-related volatility. However, uncertainties lie ahead with the incoming Trump administration’s policy changes. Concerns about inflation could impact the Federal Reserve’s interest rate plans, with mixed expectations for the upcoming consumer inflation report. Despite expectations for no changes in interest rates at the upcoming Fed meetings, investors should not rely on significant inflation slowing.



Read more at Investing.com: US Economy on Track to Post 2%+ GDP Growth in Q4