BEAMSTART Logo

US economy finished 2024 on strong note, but faces hurdles

The Straits Times LogoThe Straits Times4h ago

US economy finished 2024 on strong note, but faces hurdles - The Straits Times

Quick Summary:

GDP grew 2.3 per cent annually in the fourth quarter of 2024, down from 3.1 per cent in previous quarter.

That has complicated the job facing policymakers at the Federal Reserve, who until recently had been expecting to be cutting interest rates to shore up economic growth.

The whirlwind start to President Donald Trump’s second term – including sweeping changes to immigration policy, a spending freeze that was announced and then rescinded, and steep tariffs that could take effect as early as this weekend – has increased uncertainty for households and businesses.

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 13:20:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 860 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 25661886

View Article Analysis

About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 33 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "US economy finished 2024 on strong note, but faces hurdles" has 860 words across 32 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Which news outlet covered this story?

The story "US economy finished 2024 on strong note, but faces hurdles" was covered 4 hours ago by The Straits Times, a news publisher based in Singapore.

How trustworthy is 'The Straits Times' news outlet?

The Straits Times is a fully independent (privately-owned) news outlet established in 1845 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 15 news stories per day.

It's most recent story was published 33 minutes ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #25661886
  • URL: https://chronographically.beamstart.com/news/us-economy-finished-2024-on-17383043782509

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.