The U.S. economy grew at a 2.3 annualized pace in Q4 2024, slightly below expectations of 2.5, according to the Commerce Department. GDP growth for the full year was 2.8, down from 2.9 in 2023. Consumer spending remained robust, rising 4.2, while government spending boosted growth. The U.S. economy’s resilience and slower inflation have led the Federal Reserve to adopt a patient approach to monetary policy. The Fed suggests aggressive rate cuts are unlikely shortly.