{"results":{ "Item1": {"Id":6499,"Key":"51a8aa71-2ad1-4478-b265-ae04edcde7be","Title":"Pressured Growth: A US Macroeconomic Update","Country":"United States","CountryId":1,"AuthorId":4435,"AuthorName":"Seth Lee","AuthorTitle":"Industry Research Analyst","AuthorPhoto":"/media/kzzaqxrh/intro-picture-1.png","AuthorBio":"Seth is an Industry Research Analyst focusing on major markets, with a degree in management and business economics from the University of California, Merced.","Image":null,"CategoryId":1126,"CategoryName":"Analyst Insights","Persona":null,"Content":"
Even as inflation continued its upward trend this quarter, the economy showed resilience, with real GDP increasing at a CAGR of 2.3%. The expanding labor market contributed to job growth, keeping unemployment rates in check, despite some major sectors slowing their hiring due to concerns about the sustainability of ongoing expansions. Consumer spending sustained the economy, focusing on sectors offering immediate value. In the residential construction sector, increased market valuations and vigorous homebuying activities spurred growth. Financial markets also experienced a rally this quarter, influenced by an election outcome that kept the economy on alert, coupled with interest rate cuts, signaling a return to business as usual. But nonresidential construction activity decelerated as investors exercised caution, adopting a wait-and-see approach to assess long-term economic feasibility.
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Even as inflation continued its upward trend this quarter, the economy showed resilience, with real GDP increasing at a CAGR of 2.3%. The expanding labor market contributed to job growth, keeping unemployment rates in check, despite some major sectors slowing their hiring due to concerns about the sustainability of ongoing expansions. Consumer spending sustained the economy, focusing on sectors offering immediate value. In the residential construction sector, increased market valuations and vigorous homebuying activities spurred growth. Financial markets also experienced a rally this quarter, influenced by an election outcome that kept the economy on alert, coupled with interest rate cuts, signaling a return to business as usual. But nonresidential construction activity decelerated as investors exercised caution, adopting a wait-and-see approach to assess long-term economic feasibility.
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Even as inflation continued its upward trend this quarter, the economy showed resilience, with real GDP increasing at a CAGR of 2.3%. The expanding labor market contributed to job growth, keeping unemployment rates in check, despite some major sectors slowing their hiring due to concerns about the sustainability of ongoing expansions. Consumer spending sustained the economy, focusing on sectors offering immediate value. In the residential construction sector, increased market valuations and vigorous homebuying activities spurred growth. Financial markets also experienced a rally this quarter, influenced by an election outcome that kept the economy on alert, coupled with interest rate cuts, signaling a return to business as usual. But nonresidential construction activity decelerated as investors exercised caution, adopting a wait-and-see approach to assess long-term economic feasibility.
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