U.S. Economy Grows 2.3% In Q4, Consumer Spending Increases Despite Inflation And High Interest Rates
January 30, 2025
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5:25Now PlayingU.S. Economy Grows 2.3% In Q4, Consumer Spending Increases Despite Inflation And High Interest Rates
YouTube Description
as posted by the channelThe latest GDP report shows U.S. economic growth slowed to 2.3% in the final quarter of 2024, down from earlier in the year. Consumer spending surged by 4.2%, but high inflation and interest rates are straining lower-income households. Anthony Saccaro, President of Providence Financial and Insurance Services, joins Alicia Summers to discuss what’s driving consumer spending despite inflation, the Federal Reserve’s decision to keep interest rates steady, and what this means for the economy.
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