PCE inflation, GDP revisions, consumer confidence, housing data; earnings from Nvidia, Home Depot, Lowe’s, Salesforce, Stellantis, Dell

U.S. economic growth slowed in the fourth quarter, the government confirmed on Thursday, and the loss of momentum appears to have persisted early this quarter amid cold temperatures and concerns that tariffs will hurt spending through higher prices.

The US economy grew at an annualised 2.3% in Q4 2024, in line with estimates, while inflation pressures persisted, casting uncertainty over Federal Reserve rate cuts and future economic growth.

The U.S. economy advanced at a healthy pace and inflation was more stubborn than initially estimated at the end of 2024, Bloomberg reports.  Gross domestic product increased at an unrevised 2.3% annualized pace in the fourth quarter,

In the fourth quarter of 2024, the US Gross Domestic Product (GDP) expanded at an annual rate of 2.3%, slightly below market expectations of 2.7% and a deceleration from the 3.1% growth observed in

South Africa's rand was stable on Wednesday as markets awaited U.S. gross domestic product data and an inflation reading later this week.