Economic Correspondent

GDP came in below the 3.1% forecast, meaning the economy is slowing down. Despite high prices, consumers are still spending at a strong pace, which helps support the economy. Inflation has dropped from its 2022 peak, but remains a worry for many households and economists.

GDP came in below the 3.1% forecast, meaning the economy is slowing down. Despite high prices, consumers are still spending at a strong pace, which helps support the economy. Inflation has dropped from its 2022 peak, but remains a worry for many households and economists.

The Federal Reserve is taking a cautious approach, signaling that interest rate cuts are unlikely in the near future, a position Trump has criticized. Meanwhile, new home sales rose in December, increasing 3.6% from the previous month, despite mortgage rates remaining at a whopping 7%.

The Federal Reserve is taking a cautious approach, signaling that interest rate cuts are unlikely in the near future, a position Trump has criticized. Meanwhile, new home sales rose in December, increasing 3.6% from the previous month, despite mortgage rates remaining at a whopping 7%.