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The U.S. GDP growth rate for Q1 2024 is highly anticipated, with expectations of a 2.5% increase. Goldman Sachs forecasts a more optimistic 3.1% growth, driven by factors such as lower mortgage rates and strong consumer spending.
As the week unfolds, investors are eagerly awaiting the impending release of the U.S. gross domestic product growth rate for the first quarter of 2024, set for this Thursday, ahead of the highly anticipated Personal Consumption Expenditure (PCE) price index report – the Fed’s preferred inflation gauge – on Friday. The U.S. economy showed a robust 3.4% growth rate in the last quarter of 2023, following another spectacular 4.9% growth in the third quarter, according to the final estimates from the