U.S. economy grew at a healthy 2.3% pace last quarter, driven by increased consumer spending

U.S. economy grew at a healthy 2.3% pace last quarter, driven by increased consumer spending

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. For the full year, the economy grew a healthy 2.8%, compared … Read more

Trump says the Fed “has failed” to stop inflation

Trump says the Fed "has failed" to stop inflation

Trump says the Fed “has failed” to stop inflation – CBS News Watch CBS News After three consecutive interest rate cuts, the Federal Reserve has decided to hit the pause button, citing a solid job market and stubborn inflation. CBS News MoneyWatch correspondent Kelly O’Grady has more on the decision and President Trump’s reaction. Be … Read more