In the not-too-distant future, people will look back at this period as a solid economy.

"Remarkable" is how Fed Chair Powell has characterized the US expansion over the last few years - better growth and less inflation than other major economies.

Enjoy it.

Real GDP for Q4 revised up slightly to +2.4%.

Importantly, real GDI (an alternative and often more accurate measure of output) grew at an extraordinarily robust +4.5% in Q4.

By all accounts, the economy was motoring along at the end of 2024, and we entered 2025 with momentum.

BREAKING: Inflation goes down to 2.5%

“Although I inherited the worst economic crisis in decades with unemployment above 6% when I took office, we’ve had the lowest average unemployment rate of any administration in 50 years with unemployment at 4.1% as I leave,”

- President Biden

News flash: Trump had nothing to do with any of this