The US economy grew 2.5% over the past year, comparing the fourth quarter in 2024 with the one from a year earlier. A resilient labor market supported strong consumer spending last year. Americans’ spending accounts for about 70% of the US economy. Business investment also fueled growth in 2024. The latest GDP report comes on the heels of the Federal Reserve’s latest policy decision announced Wednesday. The central bank opted to hold its key interest rate steady, following three back-to-back rate cuts last year. Economists broadly expect the US economy to continue with its expansion in 2025, but the one wild card is the economic effect of Trump’s policies, which include mass deportations, stiff tariffs and making his 2017 tax cuts permanent. Do you think that US-China economic wars has a major impact on the US economy ?

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