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flag US economy grew 2.3% in Q4 2024, with consumer spending up but business investment down.

flag The U.S. economy grew at a 2.3% annual rate in the fourth quarter of 2024, matching initial estimates, but down from 3.1% in the third quarter. flag Consumer spending rose 4.2%, while business investment fell due to a 9% drop in equipment spending. flag The overall 2024 growth rate was 2.8%. flag Inflation rose to 2.7%, exceeding the Fed's 2% target. flag President Trump's trade wars, federal workforce cuts, and mass deportations plans could increase inflation and labor shortages, potentially affecting 2025 economic stability.

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