Economy Expands by Unexpectedly Brisk 3.3 Percent Pace in Fourth Quarter as Consumers Fuel Resilient Growth
There is growing optimism that the Federal Reserve is on track to deliver a rare ‘soft landing’ — raising borrowing rates enough to cool growth, hiring, and inflation yet not so much as to send the economy into a tailspin.
A portion of U.S. Steel's Edgar Thomson plant is seen at Braddock, Pennsylvania on December 18, 2023. AP/Gene J. Puskar, file
