U.S. economic growth decelerated in the fourth quarter, but still grew at a solid rate, powered by an uptick in consumer spending.

In the fourth quarter of 2024, US GDP grew at an annualised rate of 2.3 per cent, below consensus expectations . Growth was driven by strong consumer spending and

The US economy expanded at a solid pace at the end of 2024, fueled by a generous tailwind from consumer spending that more than offset drags from a strike at Boeing Co. and much leaner inventory investment.

US economic growth slowed in the final quarter last year but still expanded at a solid pace, driven by consumer spending that will likely keep Federal Reserve interest rate cuts on hold. Gross domestic product,