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United States economic outlook: third quarter of 2024

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The United States economy expanded at an annualized rate of 3.1% in the third quarter of 2024, above the economy’s long-term growth potential and the 3.0% growth recorded in the second quarter, driven primarily by consumer spending. The resilience of consumer spending has been supported by receding inflation and a robust labour market. Employment has increased for 47 consecutive months, but the labour market is softening. Progress in bringing down inflation has stalled over the past three months, with inflation rising from 2.4% in September 2024 to 2.7% in November. The Federal Reserve cut interest rates for a third and final time this year at its December meeting, alleviating pressure on financial conditions in Latin America and the Caribbean. The United States economic outlook reports are published three times a year and follow the main macroeconomic developments of the United States economy and how they may affect financial conditions in Latin America and the Caribbean. This issue contains a special chapter on the performance of the United States economy during the past three administrations and the role that the state of the economy may have played in the 2024 presidential election.

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  • -, 2025. "United States economic outlook: third quarter of 2024," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 81191, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col896:81191
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    File URL: http://repositorio.cepal.org/handle/11362/81191
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    1. Abdãœlkadä°R Akil, 2025. "The Legal And Political Value Of The Hamas-Israel Agreement Dated January 15, 2025 Within The Framework Of Cease-Fire, Hostage, Forced Displacement," Eurasian Academy Of Sciences Social Sciences Journal, Eurasian Academy Of Sciences, vol. 61(61), pages 109-139, February.
    2. Rachel Dannefer & Katherine Tomaino Fraser & Michelle Lynn Hughes & Megan Larmer & Kate Anstreicher & Sarah Salem & Nevin Cohen, 2026. "Evaluating efforts to promote food sovereignty among farmers and food access organizations in the Hudson Valley," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 43(1), pages 1-11, March.
    3. Faizan, Muhammad & Afgan, Imran, 2025. "Dynamic Assessment and Optimization of Thermal Energy Storage Integration with Nuclear Power Plants Using Machine Learning and Computational Fluid Dynamics," Applied Energy, Elsevier, vol. 391(C).

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