The economy grew at a 2.8% annual rate in the third quarter of this year, just under the 3% rate the quarter before, the Bureau of Economic Analysis reported Wednesday morning in a second estimate of ...

The growth rate, driven mostly by an uptick in consumer spending, surprised most economists. Wealthy Americans currently account for an outsize portion of new spending.

The U.S. economy grew slower than expected during the third quarter of this year. Real gross domestic product increased at an annual rate of 2.8% in Q3 2024, according to the advance estimate. The ...

Real gross domestic product increased at an annual rate of 2.45% in Q4 2024, according to the third estimate. The latest estimate was higher than the 2.3% forecast but lower than the Q3 final estimate ...

The Federal Reserve has should keep cutting rates because small businesses and new startups are still being hit hard by high borrowing costs, said Brian Bethune, an economist at Boston College.

The US economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures subsided, leaving intact expectations of a ...

The U.S. economy grew slower than expected in the fourth quarter, according to new data released on Thursday. The Commerce Department's Bureau of Economic Analysis (BEA) released its advance estimate ...

The economy picked up sharply in the second quarter as a rise in consumer and business spending offset a drop in housing construction and a widening trade gap. The nation’s gross domestic product, the ...

The U.S. economy grew at a 2.8% annual pace last quarter as consumers continued to open their wallets despite elevated interest rates. Forecasters expected the country's gross domestic product — the ...

U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services ...

The U.S. economy grew at a rate of 2.3% in the fourth quarter, in line with the prior reading and economists' expectations. The Commerce Department's Bureau of Economic Analysis (BEA) on Thursday ...