US Economy: Stronger Growth in the U.S. Economy

This episode explores the U.S. economic implications in the final quarter of 2023. While growth estimates have been revised upward, disinflation is expected to progress faster than initially anticipated. Despite rising oil prices and consumer spending headways, the labor market's resilience should continue to support consumption. However, consumer spending is forecasted to slow due to interest rate increases and waning fiscal support. Subsequently, the Federal Reserve elected to maintain interest rates in light of economic uncertainties.