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Hide Joe Biden quick, he may hide in the basement again for the 2024 election just as he had during the 2020 election. Basement Dweller ‘R’ Us Joe Biden
The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated from its sizzling 4.9% growth rate the previous quarter.
But the latest figures still reflected the surprising durability of the world’s largest economy, which U.S. voters are assessing ahead of the November elections.
The latest data marked the sixth straight quarter in which GDP has grown at an annual pace of 2% or more. Consumers, who account for about 70% of the total economy, drove the growth.
Their spending expanded at a 2.8% annual rate, for items ranging from clothing, furniture, recreational vehicles and other goods to services like hotels and restaurant meals.
The GDP report also showed that despite the robust pace of growth in the October-December quarter, inflationary measures continued to ease. Consumer prices rose at a 1.7% annual rate, down from 2.6% in the third quarter. And excluding volatile food and energy prices, so-called core inflation came in at a 2% annual rate.
Those inflation numbers could reassure the Federal Reserve’s policymakers, who have already signaled that they expect to cut their benchmark interest rate three times in 2024, reversing their 2022-2023 policy of aggressively raising rates to fight inflation. Some economists think the Fed could begin cutting rates as early as May.
Nathan Sheets, global chief economist at Citi, said that recent experience suggests that economic growth can remain solid even as inflation cools.
~
AP
US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
- Dio, a chameleon named for Diogenes the Cynic. He was a campaign director for Winslow.- Vaughn, appears to be an armadillo. He served as Winslow’s campaign finance director.- Rand, a vulture, possibly named after Rand Paul or Ayn Rand.
The dude from FL Premium Member about 1 year ago
Hint? Please! OH I get it… a non-corrupted republican in Congress?
Kymberleigh about 1 year ago
So what … we have to wait until Monday to find out what’s going on now?
pschearer Premium Member about 1 year ago
The suspense!! THE SUSPENSE!!!!
braindead Premium Member about 1 year ago
Any guesses?
I’ll take the obvious most likely, The Skunk.
Cornelius Noodleman about 1 year ago
No, it’s that rabbit.
RobinHood about 1 year ago
Doctor Johnny Fever
James Deveney Premium Member about 1 year ago
Common Sense?
Sun about 1 year ago
Hide Joe Biden quick, he may hide in the basement again for the 2024 election just as he had during the 2020 election. Basement Dweller ‘R’ Us Joe Biden
Silly Season about 1 year ago
A great U.S. Economy?
~
The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated from its sizzling 4.9% growth rate the previous quarter.
But the latest figures still reflected the surprising durability of the world’s largest economy, which U.S. voters are assessing ahead of the November elections.
The latest data marked the sixth straight quarter in which GDP has grown at an annual pace of 2% or more. Consumers, who account for about 70% of the total economy, drove the growth.
Their spending expanded at a 2.8% annual rate, for items ranging from clothing, furniture, recreational vehicles and other goods to services like hotels and restaurant meals.
The GDP report also showed that despite the robust pace of growth in the October-December quarter, inflationary measures continued to ease. Consumer prices rose at a 1.7% annual rate, down from 2.6% in the third quarter. And excluding volatile food and energy prices, so-called core inflation came in at a 2% annual rate.
Those inflation numbers could reassure the Federal Reserve’s policymakers, who have already signaled that they expect to cut their benchmark interest rate three times in 2024, reversing their 2022-2023 policy of aggressively raising rates to fight inflation. Some economists think the Fed could begin cutting rates as early as May.
Nathan Sheets, global chief economist at Citi, said that recent experience suggests that economic growth can remain solid even as inflation cools.
~
AP
US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
ajr58(1) about 1 year ago
Santis, maybe?
Radish... about 1 year ago
Stinky Trump wants to hide from his lying mouth that just cost him $83 million and more lawsuits are pending because he is too insane to be polite.
comicsboi Premium Member about 1 year ago
Who could it be now? Maybe one of these:
- Dio, a chameleon named for Diogenes the Cynic. He was a campaign director for Winslow.- Vaughn, appears to be an armadillo. He served as Winslow’s campaign finance director.- Rand, a vulture, possibly named after Rand Paul or Ayn Rand.