The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Wednesday, Aug. 21, 2024. Photographer Ting Shen/Bloomberg
NEW YORK: The US economy remained at a comfortable cruising speed in the final stretch of 2024, powered by healthy consumer spending and creating even more separation from its global counterparts.
Economists surveyed by Bloomberg projected the US government’s initial estimate of fourth-quarter gross domestic product (GDP) – the sum of goods and services produced – to show an annualised 2.7% increase.
