Compared to a year earlier, producer prices rose 3.3%, the biggest jump since February 2023
Many economists don’t expect the Fed to cut rates again until the second half of 2025, if at all
The unemployment rate is 4.2%, up from a half century low 3.4% reached in 2023
GDP growth has topped 2% in eight of the last nine quarters
Meanwhile, those who have lost their jobs are finding it harder to land a new one
GDP report still showed that the American economy is proving surprisingly durable
Economists say the total was held down by the effects of strikes, hurricanes
Consumer spending helps drive growth despite the weight of still-high interest rates
Job openings fell in particular at health-care companies, government agencies
Organization lowers its estimates for growth in Europe and China