
US Economy in Desember 2024
GDP Growth Rate 4Q24 Advance Estimated (qoq): 2.30%
The Fed Interest Rate: 4.25-4.50%
PCE Headline Inflation: 2.60% YoY
Unemployment Rate: 4.10%
US economic growth expanded by 2.30% QoQ in the first estimate for Q4 2024, down from 3.10% in Q3 2024, as reported by the US Bureau of Economic Analysis, and below market expectations of 2.6%. Nevertheless, the general inflation indicator Personal Consumption Expenditure (PCE) rose to 2.60% YoY in December 2024 from 2.40% YoY in November 2024, aligning with market expectations. Meanwhile, the unemployment rate in January 2025 is expected by market consensus to remain at 4.1%, with the release scheduled for this week (7/2).
By PHINTRACO SEKURITAS | Research
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