U.S. gross domestic product rose 2.3% in fourth quarter, up 2.8% for 2024 as a whole
Real U.S. Gross Domestic Product in the fourth quarter 2024 rose at an annual rate of 2.3%, according to the Commerce Department's Bureau of Economic analysis second estimate Thursday.
Commerce Secretary’s Comments Raise Fears of Interference in Federal Data
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.

GDP, Trump administration and govt spending

The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
 · 8dMarketplace
One consequence of government spending cuts? Lower GDP
Trump administration to exclude govt spending from GDP? Commerce secretary replies
Forex Factory7d
US Gross Domestic Product, Fourth Quarter and Year 2024 (Second Estimate)
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the second estimate released by the U.S. Bureau of Economic Analysis.

Experts worry about degradation of economic data

Commerce Department disbands two economic statistics advisory panels
 · 1dMarketplace
Experts worry about degradation of economic data after advisory committees disbanded
Two economic advisory groups that provide advice to federal data collectors were abruptly disbanded by the Trump administration.
Commerce Ends Advisory Committees for Economic Data Agencies
The Commerce Department has abolished two statistical advisory committees within an agency responsible for compiling vital US economic data such as gross domestic product and the Federal Reserve’s preferred inflation gauge.
InvestmentNews7d
Amid steady economy, inflation marked higher at end of 2024
The Federal Reserve's preferred yardstick showed prices rising at a faster clip than initially reported, adding to the outsized toll on lower-income households.
US economic growth slows in fourth quarter
U.S. economic growth slowed in the fourth quarter, the government confirmed on Thursday, and the loss of momentum appears to have persisted early this quarter amid cold temperatures and concerns that tariffs will hurt spending through higher prices.
Trump administration disbands 2 expert panels on economic data
The terminations by Commerce Secretary Howard Lutnick were effective February 28 and communicated on Tuesday via email to one of the panels

Trade deficit soars to record high

US trade deficit hits record high in Jan on imports surge ahead of tariffs
U.S. Trade Deficit Grew 34% in January
Trade deficit soars to record high in January
The U.S. international trade deficit widened 34% in January to $131.4 billion, the Commerce Department said Thursday. It’s the widest deficit going back to the start of the series in 1992. Economists surveyed by The Wall Street Journal had predicted the deficit would widen to a seasonally adjusted $128.