Real U.S. Gross Domestic Product in the fourth quarter 2024 rose at an annual rate of 2.3%, according to the Commerce Department's Bureau of Economic analysis second estimate Thursday.

U.S. economic growth slowed in the fourth quarter, the government confirmed on Thursday, and the loss of momentum appears to have persisted early this quarter amid cold temperatures and concerns that tariffs will hurt spending through higher prices.

The Commerce Department's second estimate of fourth quarter GDP which showed the economy grew 2.3% at the end of last year, in line with expectations and the prior estimate.

The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth.

A rewind of how the U.S. economy performed in the final three months of 2024 still looks pretty darn good: The increase in gross domestic product was unchanged at a 2.3% annual growth rate. inflation was a bit worse than previously reported,