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Today β€” March 28th 2024Your RSS feeds

Stronger Consumer Spending Boosts Fourth Quarter GDP Estimate

Gross domestic product, the official scorecard of the economy, grew at a 3.4 percent annualized rate in the final three months of 2023. The previous estimate had the economy growing at a 3.2 percent pace.

The post Stronger Consumer Spending Boosts Fourth Quarter GDP Estimate appeared first on Breitbart.

Before yesterdayYour RSS feeds

Fact Check: Biden Claims His Massive Spending Bill Was The Start of U.S. Recovery from Pandemic

Biden's reckless spending program contributed to inflation, triggering a two-quarter downturn in the economy a year after the American Rescue Plan was signed.

China Slightly Lowers 2024 GDP Growth Target from 2023 as Economy Languishes

China set an official 2024 target for GDP growth of around five percent in a report from Premier Li Qiang to the National People's Congress.

Breitbart Business Digest: The Real Story Behind the Revised GDP Numbers

The economy did not grow quite as fast as previously thought in the third quarter, but the details should undermine any hopes that this might allow for earlier or deeper rate cuts from the Federal Reserve this year.

More Inflation, More Consumer Spending, Less Growth in Revised Fourth Quarter GDP Numbers

The U.S. economy in the final quarter of last year grew at a slightly slower rate after adjusting for inflation than previously estimated, the Commerce Department reported Wednesday. Gross domestic product, the government’s broad measure of economic activity, expanded at
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