Economic and Market Overview
Consistent Growth Continues
With an anticipated gross domestic product (GDP) growth rate of 2.4% for the fourth quarter of 2024 the annual rate will register a very respectable 2.7% for the year.
Consistent Growth Continues
With an anticipated gross domestic product (GDP) growth rate of 2.4% for the fourth quarter of 2024 the annual rate will register a very respectable 2.7% for the year.
Bonds Slip in the Fourth Quarter, but Post Second Consecutive Annual Gain
Core bonds ended the fourth quarter down 3.10% due to rising interest rates.
Quarter in Review
Going into the final day of trading, the front page of the Wall Street Journal proclaimed, “Stocks on Pace for Best Two Years in a Quarter-Century.” This should have specified “United States Stocks,” which sustained their leadership through the fourth quarter to close out a great year.