US economic growth expanded by 2.30% QoQ in the second estimate for 4Q24, down from 3.10% in 3Q24, as reported by the US Bureau of Economic Analysis and in line with market expectations. Nevertheless, the headline Personal Consumption Expenditure (PCE) inflation slowed to 2.50% YoY in January 2025 from 2.60% YoY in December 2024. Meanwhile, the unemployment rate in February 2025 is expected to remain steady at 4.0%, with data scheduled for release this week (3/7)