US economy grows solid 2.3% in October-December on eve of Trump return to White House

FILE - Young shoppers look over a row of large-screen televisions on display in a Costco warehouse Dec. 19, 2024, in Denver. A sign outside the New York Stock Exchange marks the intersection of Wall and Broad Streets, Jan. 28, 2025, in New York.

A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration.