Economy Grew Faster 3Q-24 Than Earlier Estimated, But Not Foodservice Or Hotels, PCE Inflation Up Just 0.1%

The US economy grew 3.1% as calculated as inflation-adjusted gross domestic product, according to the third and final estimate from the Bureau of Economic Analysis released Dec. 19. This is higher than the first two estimates of 2.8% 3Q-24 growth, and up from a final estimate of 3% real GDP growth 2Q-24. The BEA analysts…