Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB2 days ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 11:50 AM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
U.S. Economy at a Glance | U.S. Bureau of Economic Analysis (BEA)
WEBAug 29, 2024 · Real gross domestic product (GDP) increased in 39 states and the District of Columbia in the first quarter of 2024, with the percent change ranging from 5.0 percent at an annual rate in Idaho to –4.2 percent in South Dakota.
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB2 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
US economy grew solid 3.2% in fourth quarter, a ... - Associated Press News
WEBFeb 28, 2024 · U.S. growth has now topped 2% for six straight quarters, defying fears that high interest rates would tip the world’s largest economy into a recession. Far from stumbling, the economy grew 2.5% for all of 2023, topping the 1.9% growth in 2022.
US economy grew at a surprisingly strong 3.3% pace last ... - AP News
WEBJan 25, 2024 · WASHINGTON (AP) — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.
The Federal Reserve cuts interest rates for first time since 2020 - NPR
WEB1 day ago · Inflation is slowing — but so is the job market. The rate cut on Wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in June 2022. “We’re ...
United States Economy - CNBC
WEBLatest news and headlines affecting the United States economy.
U.S. Economic Growth Accelerates, Outpacing Forecasts - The New York Times
WEBJul 25, 2024 · Consumer spending, the backbone of the U.S. economy, rose at a 2.3 percent annual rate in the second quarter — a solid pace, albeit much slower than in 2021, when businesses were reopening after...
U.S. Bureau of Economic Analysis (BEA)
WEBSep 9, 2024 · The U.S. goods and services trade deficit increased from $73.0 billion in June (revised) to $78.8 billion in July, as imports increased more than exports. The goods deficit increased $5.6 billion to $103.1 billion, and the services surplus decreased $0.2 billion to $24.3 billion. Read More.
The US economy is pulling off something historic - CNN
WEBJul 25, 2024 · Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released...
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