Eco Week Ahead
US Economy on Solid Footing Set to Back Fed’s Interest-Rate Hold
- GDP predicted to show annualized 2.7% increase in 4th quarter
- ECB, Sweden and Canada may cut rates; Reeves growth speech due
Commuters wait in Moynihan Train Hall at Penn Station in New York.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
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 project the government’s initial estimate of fourth quarter gross domestic product — the sum of goods and services produced — to show an annualized 2.7% increase. That would follow back-to-back quarters of about 3% growth.