US GDP is still solid while inflation accelerated at the end of 2024

The American economy It grew at a healthy pace, but inflation accelerated more than was initially estimated at the end of 2024.

He Gross Domestic Product (GDP) increased at an unpaid annualized rate of the 23% In the fourth quarter, according to data from the Office of Economic Analysis (BEA) published on Thursday. The main engine of the economy, the consumer spendinggrew at a rhythm of 4.2%.

He Federal Reserve Preferred Indicator —The Personal Consumer Expenses Price Index and Energy – rose 2.7%above the 2.5% initially informed. HE provides that the PCE report January, which is published on Friday, shows that the underlying index A 2.6% in front of the same month last year.

The growth in relation to the last quarter of 2023, which was 0.6%, and that of the whole of all 2024, the year in which the first world economy expanded 2.8% compared to 2023, a tenth less than in the previous year.

The figures corresponding to October-December reflect a slowdown after the American GDP grew 3.1% in the third quarter of 2024, mainly due to a fall in investment and exports that was compensated by a strong expansion of consumption, around 4.7%.

With regard to the initial estimate for the fourth quarter published in January, the BEA reviewed on Thursday significantly upwards – in levels below one tenth – the growth of public spending and the contraction of exports, and, also at barely noticeable levels, cut the progress of consumption and expanded the fall in the investment.

Despite the deceleration with respect to the strong rhythm of the quarter from July to September, the economy challenged last year the recession forecasts that arose after the increases of interest rates that the Federal Reserve (FED) applied in 2022 and 2023 to contain inflation.

The FED, whose Federal Open Market Committee (FOMC) does not plan to make decisions in monetary policy until mid -March, since December the types in a fork between 4.25% to 4.5%, disregarding the public request of the US President, Donald Trump, of applying new declines immediately.

With information from Bloomberg and Efe