Rural Radio Network on Nostr: US economy grew at robust pace in third quarter ========== U.S. GDP grew at a 2.8% ...
US economy grew at robust pace in third quarter
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U.S. GDP grew at a 2.8% annualized rate for the three months ending in September 2024; growth slightly below economists' expectations; fueled by surge in consumer spending, uptick in exports, and strong federal government spending; Federal Reserve cut benchmark interest rate by 0.5 percentage points; inflation slowed from a peak of about 9% in 2022 but remains above 2%; 254,000 jobs added in September 2024, exceeding expectations of 150,000; unemployment rate decreased to 4.1%, near a 50-year low.
#UsEconomy #GdpGrowth #ConsumerSpending #FederalReserve #Inflation #LaborMarket #Employment #UnemploymentRate #EconomicData #2024
https://ruralradio.com/rrn/abc_news/us-economy-grew-at-robust-pace-in-third-quarter-abcidbc840513/
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U.S. GDP grew at a 2.8% annualized rate for the three months ending in September 2024; growth slightly below economists' expectations; fueled by surge in consumer spending, uptick in exports, and strong federal government spending; Federal Reserve cut benchmark interest rate by 0.5 percentage points; inflation slowed from a peak of about 9% in 2022 but remains above 2%; 254,000 jobs added in September 2024, exceeding expectations of 150,000; unemployment rate decreased to 4.1%, near a 50-year low.
#UsEconomy #GdpGrowth #ConsumerSpending #FederalReserve #Inflation #LaborMarket #Employment #UnemploymentRate #EconomicData #2024
https://ruralradio.com/rrn/abc_news/us-economy-grew-at-robust-pace-in-third-quarter-abcidbc840513/