Real GDP Growth
2.8%
▲ +0.3ppvs 2023
Unemployment
4.1%
→ StableDec 2024
CPI Inflation
2.7%
▼ −5.4ppfrom peak 2022
Fed Funds Rate
4.33%
▼ CuttingQ4 2024
GDP Nominal
$29.2T
▲ +6.7%YoY nominal
Debt / GDP
124%
▲ +2pp2024 est.
Interest Rate · Unemployment · Inflation — 1960 to 2026
Annual averages · Gray bands = US recessions (NBER) · Source: FRED FEDFUNDS, UNRATE, CPIAUCSL
Recession periods
Real GDP Growth Rate (%)
Annual % change · Chained 2017 dollars · Source: FRED GDPC1
Federal Debt as % of GDP
End of fiscal year · Source: FRED GFDEGDQ188S