Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the advance estimate released by the U.S. Bureau of Economic Analysis.

Economists like me rely on data from federal data collection agencies like the Bureau of Labor Statistics (BLS) and the Bureau of Economic Analysis (BEA). They provide critical data on

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the "advance" estimate released by the U.S. Bureau of Economic A

“When households are increasingly willing to empty their wallets for non-discretionary items in recreational categories, it’s usually a vote of confidence in the health of the economic expansion,” said Mike Reynolds, vice president of investment strategy at Glenmede.

EUR/USD continues to move sideways in a narrow channel above 1.0400 in the European session on Thursday after closing marginally lower on Wednesday. Investors await the European Central Bank's (ECB) policy announcements and the Gross Domestic Product (GDP) data from the US.

U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.

“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said Carl Weinberg, chief economist at High Frequency Economics. “These data support that strategy.”

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures (PCE) price index rose 0.

The Bureau of Economic Analysis said Friday that personal consumption expenditures rose 2.6% in December, in line with expectations. Core PCE, omitting food and energy, was 2.8%.

The big test for product comes in 2026, when VW tries to play catch-up in electric vehicles with four models priced below 25,000 euros, according to industry analyst Matthias Schmidt. The U.K.'s housing market appears to be stronger than what many had thought, RBC Capital said, with mortgage approvals up 31% on year in 2024.