The US economy’s fourth-quarter growth beat forecasts with GDP increasing 3.3% on an annualised basis. This means for all of 2023, the economy expanded 2.5%. Tim Mulholland, President at TJM Limited, Chicago, helps us analyse what this means for future action from the US Federal Reserve as underlying inflation also rose 2% for a second straight quarter, in line with its own target.

Image credit: Shutterstock.com

Produced by: Mike Gong

Presented by: Shazana Mokhtar, Keith Kam

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Categories:  markets,  economy

Tags:  us gdp figures,  us federal reserve,  2024 us republican caucus primaries,  china,