Fed Pauses Rate Hikes
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US economyYahoo Finance
•Business
Business & Economics
Fed's wait-and-see approach likely won't be shaken by new GDP and inflation numbers
77% Informative
The fourth quarter GDP report released Thursday provided some evidence that the US economy capped off a surprisingly strong year in 2024 .
While the headline number was softer than expected, a deeper look at the report showed positive signs about the health of the US consumer.
Inflation remains a concern for Fed policymakers, with readings still above the Fed ’s 2% target.