US economy resilient, optimism on 2025 rate cuts, GDP at 3%

The major indexes struggled to capitalize on recent gains, with tech stocks sliding.

Yahoo Finance reporter Josh Schafer joins Josh Lipton on Asking for a Trend to discuss key data points, including Federal Reserve Governor Christopher Waller’s comments about potential interest rate cuts in 2025.

Despite retail sales coming in below expectations, the control group (automobiles, gasoline, building materials) exceeded expectations — pushing GDP to 3%.

Watch the video above to also hear about the US economy staying resilient after strong spending from high-income earners and a good labor market. This highlights a positive outlook for 2025.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Josh Lynch