US economy grows at 3.3% annual pace in fourth quarter, faster than expected

"For the year, the US economy grew at an annualized rate of 2.5% up from 1.9% in 2022."

- rest at GDP: US economy grows at 3.3% annual pace in fourth quarter, faster than expected

 

It's in the article.

 

I hope so. I don't want the 2% inflation rate the Federal Reserve aims for; I want it to be 0%.

 

The estimate was for 2%: "Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 2% during the period."

 

My investment advisor handles my investments.

 

There is no "con" to having a 0% inflation for most Americans, especially those living on a fixed income. Even if the Federal Reserve can keep inflation "contained" at exactly 2%, over 10 years that is a decrease in overall purchasing power of 21.9%.

 

Fine. He executes the plan the way I want - I am willing to forego gains when the market goes up in order to reduce losses when the market goes down.

For example, just to pick some numbers, if the market goes up 15%, I am willing to accept a 5% increase, because if the market goes down 15%, then my loss is limited to 5%.

 

"December 2023 marked a new all-time monthly high for natural gas production, and overall production for the year beat the previous record by 3.7%." - Shale Boom Powers U.S. To Third Consecutive Annual Natural Gas Record

"The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration." - U.S. Producers Break Annual Oil Production Record

 

Inflation is not required for economic growth.

Are you perhaps referring to a fixed growth rate rule for the money supply?

 

You do know that the percentage of the U.S. population that is retired and will soon be retiring is growing a lot, right?