To the untrained eye, Joe Biden leaves the presidency with what appears to be a sterling economic record: hiring proceeding at a solid clip, gross domestic product on the rise and consumers still spending at a strong pace. There's just one problem ...

The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed plans for more rate cuts

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.

President Joe Biden will leave the White House with ... an economy that continues to grow at a healthy clip. Real Gross Domestic Product, the broadest measure of economic output, expanded at ...

The new data were published Thursday by the Bureau of Economic Analysis in its report for gross domestic product for the fourth quarter.

President Donald Trump on Wednesday blasted Federal Reserve Chair Jerome Powell and the U.S. central bank on Truth Social, saying their failures created with Inflation and that they have done a “terrible job on Bank Regulation.

Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.

The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.

Real GDP growth in the fourth quarter of this past year was short of the expected 2.7% increase.

WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3% annual rate from October through December.

Conversations to restrict shipments of those chips to China are in very early stages, according to the report. H20 chips can be used to develop and run AI software and were designed to meet existing U.

Trump has long charged that WHO Director-General Tedros Adhanom Ghebreyesus covered up China’s responsibility for the Covid pandemic, and also aided Democrats who called Trump’s own move to shut the border to Chinese travelers racist.