#USGDPUpdate

The latest #USGDPUpdate reveals resilient economic growth. Q4 2023 figures showed a stronger-than-expected annualized expansion of 3.3%, driven by robust consumer spending and business investment. This caps a year of solid performance, defying earlier recession forecasts. For 2023 as a whole, the economy grew by 2.5%, demonstrating significant momentum despite high interest rates. Key contributors include a strong labor market and easing inflation, which have sustained household spending. The data reinforces the view of a "soft landing," where the Federal Reserve's rate hikes cool inflation without triggering a major downturn, signaling underlying economic strength heading into 2024.