According to BlockBeats news on January 9, the Federal Reserve's meeting minutes indicated that the actual GDP of the United States is expected to continue to grow steadily in 2024. Since the beginning of 2024, labor market conditions have eased somewhat, but the unemployment rate remains low. The inflation rate for consumer prices is lower than the same period last year, but still slightly high.
Staff believe that the strikes and hurricanes in October suppressed employment growth, while the impact dissipated in November, leading to a similar boost in employment growth. In the third quarter, foreign economic growth accelerated, particularly in the Eurozone and Mexico. However, recent economic indicators show a significant weakening of growth momentum in foreign economies in the fourth quarter, with sluggish manufacturing activity and weak private consumption spending.
Inflation in foreign economies continues to ease. In most developed economies, the overall inflation rate has slowed to close to or below target levels, primarily reflecting the transmission effects of falling energy prices earlier this year. However, in some of these economies, inflation in the services sector remains high. (Jin Ten)