Solid U.S. GDP Growth Is Unlikely To Prevent Fed Interest Rate Cuts
1. U.S. GDP grew by 2.8% in Q3 2024, ninth straight quarter of growth. 2. The positive outlook for Q4 2024 indicates resilience in the U.S. economy. 3. Federal Reserve expected to cut interest rates by 0.25% in upcoming meetings. 4. Solid consumption and government spending contributed significantly to GDP growth. 5. Net exports fell, impacting overall GDP despite strong domestic performance.