Market
Will US consumer spending growth exceed 3.5% in Q4 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
US Bureau of Economic Analysis report on Q4 2024 consumer spending
Story
US Q3 GDP Revised to 3.1%, Driven by 3.7% Rise in Consumer Spending
Dec 20, 2024, 10:59 AM
The US economy expanded at an annualized rate of 3.1% in the third quarter of 2024, exceeding expectations and the previous estimate of 2.8%. The growth was propelled by vigorous consumer spending, which increased by 3.7%, and an uptick in exports. Business fixed investment and residential investment were also revised upward. Real final sales to domestic purchasers, a measure of core GDP, were revised from 3.2% to 3.4%. The GDP price index remained steady at 1.9%.
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