The U.S. economy experienced slower growth than expected in the fourth quarter of 2024, with GDP increasing by 2.3% annually, falling short of economists’ 2.5% forecast. Consumer spending remained strong, contributing to growth, while trade was a drag on the economy. The Federal Reserve remains cautious about further interest rate cuts despite concerns about inflation levels and consumer savings declining to a two-year low.
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Explosion partly destroys house in Nottinghamshire
A major incident has been declared in Worksop, Nottinghamshire, following a suspected gas explosion that partially destroyed a terrace house on Saturday evening. Emergency services, including fire crews and the East Midlands ambulance service, evacuated nearby homes to ensure the safety of residents and to account for all individuals in the area. As of Saturday night, it was still uncertain if the explosion had resulted in any casualties. Full Article
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