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The Atlanta Fed's GDPNow Tool model, which incorporates data from the current quarter to project GDP, estimates the US economy will have grown at an annualized rate of 2.6% in the fourth quarter.
The economy continues to send mixed signals. The unemployment rate, at 4.2%, remains historically low — but has inched up in four of the last five months, a trend that has often preceded recessions.
(The Center Square) – This week begins with the inauguration of the 47th president of the United States, marking the start of a new administration with significant economic and policy implications.
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
US wholesale inflation accelerated in November in sign that some price pressures remain elevated. Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago
The US economy grew at at annualized rate of 3.3% in the fourth quarter, capping a year of more resilient economic growth than many economists expected.