According to online reports, Federal Reserve Chairman Powell said recent indicators show that economic activity continues to expand at a steady pace. Boosted by the elasticity of consumer spending, GDP will grow by 2.5% in 2024. Investment in equipment and intangible assets appeared to decline in the fourth quarter, but overall performance throughout the year was solid. After experiencing weakness in the middle of last year, activity in the real estate industry appears to have stabilized. In terms of the labor market, the situation remains solid and appears to have stabilized. In the past four months, an average of 189,000 new jobs were created per month. Following an earlier rise, the unemployment rate has remained stable since mid-last year, at 4 percent in January and still at a low level. Nominal wage growth has slowed over the past year and the gap between jobs and workers has narrowed. Overall, a broad range of indicators suggest that labor market conditions are broadly balanced. The labor market is not a source of significant inflationary pressure.