President Donald Trump blasted Fed Chair Jerome Powell and the nation's central bank Thursday, blaming their actions for inflation and vowing to unleash American energy production to bring it down

The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed plans for more rate cuts

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.

To the untrained eye, Joe Biden leaves the presidency with what appears to be a sterling economic record: hiring proceeding at a solid clip, gross domestic product on the rise and consumers still spending at a strong pace. There's just one problem ...

GDP grew 2.3 per cent annually in the fourth quarter of 2024, down from 3.1 per cent in previous quarter. Read more at straitstimes.com.

The new data were published Thursday by the Bureau of Economic Analysis in its report for gross domestic product for the fourth quarter.

A top Republican budget hawk called growing federal interest costs "a ticking time bomb that must be defused."

The nation’s economy grew at an annual pace of 2.3% in the fourth quarter and 2.8% for all of 2024, a downshift from prior levels but still a strong performance in the last months of Joe Biden’s presidency.

Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.

The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.

Real GDP growth in the fourth quarter of this past year was short of the expected 2.7% increase.

WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3% annual rate from October through December.