The US economy grew at an annualised 2.3% in Q4 2024, in line with estimates, while inflation pressures persisted, casting uncertainty over Federal Reserve rate cuts and future economic growth.
PCE inflation, GDP revisions, consumer confidence, housing data; earnings from Nvidia, Home Depot, Lowe’s, Salesforce, Stellantis, Dell
The U.S. economy advanced at a healthy pace and inflation was more stubborn than initially estimated at the end of 2024, Bloomberg reports. Gross domestic product increased at an unrevised 2.3% annualized pace in the fourth quarter,
In the fourth quarter of 2024, the US Gross Domestic Product (GDP) expanded at an annual rate of 2.3%, slightly below market expectations of 2.7% and a deceleration from the 3.1% growth observed in
South Africa's rand was stable on Wednesday as markets awaited U.S. gross domestic product data and an inflation reading later this week.
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