Economists expect the US government’s Q4 GDP reading to show a 2% annualized increase, following a strong 4.9% in Q3. As economic growth is anticipated to slow down, inflationary pressures are also easing, with the government’s personal income and spending report expected to reveal a 3% year-on-year rise in December—the 11th consecutive month of waning annual price growth. The diminishing inflation provides room for potential interest rate cuts by the US Federal Reserve. Meanwhile, central banks worldwide, including the Bank of Canada, European Central Bank, and Bank of Japan, face economic considerations and potential rate moves in their respective regions.
US Economy Anticipates 2% Growth in Q4, While Inflation Moderation Opens Door for Rate Decisions
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