Story perspectives
U.S. Economy Grows 2.3% Amid Rising Inflation Concerns
2/27/2025
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Story summary
- The U.S. economy expanded by 2.3% annually in Q4 2024, consistent with earlier projections.
- Consumer spending increased by 4.2%, but business investment declined by 5.7%, driven by a 9% reduction in equipment spending.
- Inflation remains a concern, with the PCE price index rising to 2.4%.
- The final GDP estimate is set for release on March 27, 2025.
