Oddbean

U.S. economy grew at a solid amount last quarter, government says in final estimate ========== The U.S. economy expanded at a 3 percent annual pace from April to June 2024; consumer spending grew at 2.8 percent; business investment increased by 8.3 percent; inflation peaked at 9.1 percent in mid-2022, now at 2.5 percent; average job additions from June to August were 116,000, lowest since mid-2020; unemployment rate rose to 4.2 percent; Federal Reserve cut interest rates by half a point, first cut in over four years; consumer sentiment rose for third straight month; Commerce Department's final GDP estimate released on Sep 26, 2024; next GDP estimate due on Oct 30, 2024. #Economy #Gdp #ConsumerSpending #BusinessInvestment #Inflation #FederalReserve #JobMarket #InterestRates #EconomicGrowth #Us https://www.pbs.org/newshour/economy/u-s-economy-grew-at-a-solid-amount-last-quarter-government-says-in-final-estimate