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The nations economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.

Thursdaysreport from the Commerce Departmentsaid the gross domestic product the economys total output of goods and services decelerated from its sizzling 4.9% growth rate the previous quarter.

But the latest figures still reflected the surprising durability of the worlds largest economy, marking the sixth straight quarter in which GDP has grown at an annual pace of 2% or more.

Consumers, who account for about 70% of the total economy, drove the fourth-quarter growth.

Their spending expanded at a 2.8% annual rate, for items ranging from clothing, furniture, recreational vehicles and other goods to services like hotels and restaurant meals.

The GDP report also showed that despite the robust pace of growth in the October-December quarter, inflationary measures continued to ease.

Consumer prices rose at a 1.7% annual rate, down from 2.6% in the third quarter.

And excluding volatile food and energy prices, so-called core inflation came in at a 2% annual rate.

Those inflation numbers could reassure the Federal Reserves policymakers, who have already signaled that they expect to cut their benchmark interest rate three times in 2024, reversing their 2022-2023 policy of aggressively raising rates to fight inflation.

Although GDP growth came in hotter than expected in the fourth quarter, underlying inflation continued to slow,’ said Paul Ashworth, chief North America economist at Capital Economics. The upshot is that an early spring rate cut by the Fed is still the most likely outcome.

The state of the economy is sure to weigh on peoples minds ahead of the November elections. Afteran extended period of gloom, Americans are starting to feel somewhat better about inflation and the economy a trend that could sustainconsumer spending, fuel economic growth and potentially affect voters decisions.

Ameasure of consumer sentimentby the University of Michigan, for example, has jumped in the past two months by the most since 1991.

There is growing optimism that the Fed is on track to delivera rare soft landing keeping borrowing rates high enough to cool growth, hiring and inflation yet not so much as to send the economy into a tailspin.

Inflation touched a four-decade high in 2022 buthas since edged steadily lowerwithout the painful layoffs that most economists had thought would be necessary to slow the acceleration of prices.

The economy has repeatedly defied predictions that the Feds aggressive rate hikes would trigger a recession.

Far from collapsing last year, the economy accelerated expanding 2.5%, up from 1.9% in 2022.

Our expectation is for a soft landing, and it looks like things are moving that way, said Beth Ann Bovino, chief economist at US Bank. Still, Bovino expects the economy to slow somewhat this year as higher rates weaken borrowing and spending.

People are going to get squeezed, she said.

The economys outlook had looked far bleaker a year ago.

As recently as April 2023, an economic model published by the Conference Board, a business group, had pegged the likelihood of a US recession over the next 12 months at close to 99%.

Even as inflation in the United States has slowed significantly, overall prices remain nearly 17% above where they were before the pandemic erupted three years ago, which has exasperated many Americans.

That fact will likely raise a pivotal question for the nations voters, many of whom are still feelingthe lingering financial and psychological effects of the worst bout of inflation in four decades.

Which will carrymore weight in the presidential election: The sharp drop in inflation or the fact that most prices are well above where they were three years ago?

The Fed began raising its benchmark rate in March 2022 in response to the resurgence in inflation that accompanied the economys recovery from the pandemic recession.

By the time its hikes ended in July last year, the central bank had raised its influential rate from near zero to roughly 5.4%, the highest level since 2001.

As the Feds rate hikes worked their way through the economy, year-over-year inflation slowed from 9.1% in June 2022, the fastest rate in four decades, to 3.4% as of last month.

That marked a striking improvement but still leaves that inflation measure above the Feds 2% target.

The progress so far has come at surprisingly little economic cost.

Employers have added a healthy 225,000 jobs a month over the past year.

And unemployment hasremained below 4% for 23 straight months, the longest such streak since the 1960s.

The once red-hot job market has cooled somewhat, easing pressure on companies to raise pay to keep or attract employees and then pass on their higher labor costs to their customers through price hikes.

Its happened in perhaps the least painful way: Employers are generally posting fewer job openings rather than laying off workers.

That is partly because many companies are reluctant to risk losing workers after having been caught flat-footed when the economy roared back from the brief but brutal 2020 pandemic recession.

Businesses are getting rid of job openings, but theyre holding onto workers, Bovino said.

Another reason for the economys sturdiness is that consumers emerged from the pandemic in surprisingly good financial shape, partly because tens of millions of households had received government stimulus checks.

As a result, many consumers have managed to keep spending even in the face of rising prices and high interest rates.

Some economists have suggested that the economy will weaken in the coming months as pandemic savings are exhausted, credit card use nears its limits and higher borrowing rates curtail spending.

Still, the government reported last week thatconsumers stepped up their spending at retailersin December, an upbeat end to the holiday shopping season.

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Labor Day Sales from Anker SOLIX, Jackery, and Rad Power Bikes, score massive $683 savings on Luckeep X1 Lite e-bike at $466, more

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August 22, 2025

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Labor Day Sales from Anker SOLIX, Jackery, and Rad Power Bikes, score massive 3 savings on Luckeep X1 Lite e-bike at 6, more

Closing out this week’s Green Deals is several holiday sales from some of our favorite brands, lead by Anker’s SOLIX Labor Day Sale that is taking up to 61% off power stations and solar bundles starting from $120. We also have further Labor Day Sales from Jackery (up to 50% off with bonus 5% and 7% savings) and Rad Power Bikes, a massive $683 price drop on Luckeep’s X1 Lite Folding All-Terrain e-bike at $466, and much more waiting for you below. Plus, all the hangover savings are at the bottom of the page, like yesterday’s Lectric Labor Day Sale with the $500 price cut on the ONE e-bike to a new low, Anker’s eufy SoloCam S220 deals, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Review: The ST3 Pro e-scooter brings serious suspension alongside smart controls and more as Navee’s latest flagship

As a long-time rider of Segway electric scooters, my expectations are quite high for new brands looking to climb their way up to the standard that the household-name has set in stone at this point. Only within the last few months did Navee come onto my radar, with the brand offering me the chance to test out its latest flagship model, the ST3 Pro Electric Scooter, which has been quite the surprise, to say the least. At first, it seemed like it was full of gimmicks that were destined to fail, but after riding around for several weeks now, I can happily say that Segway may just have found a new challenger. Head below to get my hands-on impressions of this high-end e-scooter that still retains accessible pricing for the stunning list of features.

To get our full hands-on impression of this new flagship e-scooter, be sure to check out our review here.

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Anker SOLIX power stations

Save up to 61% on Anker SOLIX power stations and solar bundles during its Labor Day Sale – deals start from $120

Anker has launched its Labor Day Sale running through August 30 and taking up to 61% off the brand’s lineup of power stations, solar bundles, accessories, and more. Coinciding with the new pre-launch promotion on the upcoming C1000 Gen 2 station, we spotted Anker dropping its first-gen C1000 Portable Power Station bundled with a 200W solar panel and protective waterproof bag back to $729 shipped for the second time. This bundle normally fetches $1,598 in full, which we saw discounts take as low as $799 until last month’s Prime Day Sale when it hit this low price for the first time. At Amazon, you’ll only find the station and solar panel pairing for $700 shipped, so you’re getting the waterproof bag (valued at $100) for $30 more. This is a 54% markdown that cuts $869 off the tag for a second chance at the best price we have tracked. Head below to browse this sale’s full lineup.

The Anker SOLIX C1000 power station is one of the brand’s best compact backup power companions for camping trips, right alongside the smaller C800 Plus, C300 series, and C200. While not as big as its home backup models, it still brings a solid 1,056Wh LiFePO4 battery (expandable up to 2,112Wh) along for your off-grid adventures with 11 output ports that provide up to 1,800W of steady power that can surge as high as 2,400W. It can refill its own battery to 80% in 43 minutes through a standard AC outlet, with it taking 58 minutes to reach full. There’s also the 600W max solar input that can recharge it in 1.8 hours, so with the included 200W panel, you’re looking at things taking a little longer, around five or so hours. And your solar setup gets the added protection of the waterproof bag that fits the station and keeps it safer from the elements.

Anker’s other SOLIX C1000 Labor Day Sale deals:

Anker’s SOLIX C800 Labor Day Sale deals:

Anker’s SOLIX C300/C200 Labor Day Sale deals:

Anker’s SOLIX F2000 Labor Day Sale deals:

To check out Anker’s full SOLIX Labor Day Sale lineup, including the larger power stations and solar generator bundles, be sure to check out our original coverage of this sale here.

woman riding Rad Power RadRover 6 Plus e-bike through farm

Rad Power’s Labor Day Sale takes up to $600 off three legacy e-bikes starting from $999 + 25% accessory discounts

Rad Power has launched its Labor Day Sale promotions through September 3 with up to $600 taken off a selection of e-bikes alongside up to 25% discounts on accessories (applied in cart). Alongside the ongoing $999 low on the RadExpand 5 Folding e-bike that now sports a “last chance” mention, Rad has added one of my favorite models to the deals lineup, the RadRover 6 Plus Step-Thru Fat-Tire e-bike at $1,299 shipped. We last saw this model come off its $1,599 price tag back in June for the brand’s Father’s Day sale with a $200 discount, with today’s deal being the first we’ve seen its $1,299 pricing show up in 2025, which has mostly kept costs at $1,399 or higher, except the brief fall to the $1,199 low at the top of the year. Aside from that low price in January, you’re otherwise looking at the best deal of this year, saving you $300 off the going rate. Head below for more on this and the other models seeing discounts.

If you want to learn more about this model or the other models seeing discounts, be sure to check out our original coverage of this sale here.

Man standing next to Luckeep X1 Lite folding e-bike atop mountain

Affordable get up to 60 miles of commuting support on Luckeep’s X1 Lite folding all-terrain e-bike at a $466

AliExpress is offering a great deal for commuters shopping for e-bikes on a budget, with the Luckeep X1 Lite Folding Electric Bike currently available for $465.77 shipped, after using the code USAFF100 at checkout for an additional $100 off, which beats out Amazon by $84 and the brand’s direct website pricing by $283. This model normally fetches $1,149 at full price from the brand, and is now seeing a giant $683 price drop for one of the lowest prices we have ever tracked and delivering a much more affordable means to commute to your daily appointments.

If you want to learn more about this budget-friendly model, be sure to check out our original coverage of this massive discount here.

Jackery power stations sit atop box with flag in background for Labor Day sale

Jackery’s Labor Day Sale offers up to 50% off on power stations and more with bonus 5% and 7% savings starting from $89

Jackery has launched its Labor Day Sale through August 28 with up to 50% discounts on its lineup of power stations, as well as bonus 5% and 7% savings on orders over $1,300. Among the offers this holiday season, we spotted Jackery’s legacy Explorer 1000 Plus Portable Power Station bundled with an expansion battery and two 100W solar panels for $1,519.05 shipped, after using the code EMAIL5 at checkout for an extra 5% off your cart’s total. This bundle would normally cost you $2,099 in full, with discounts having usually being on the station and solar panels for $1,299. The addition of the extra battery would cost you $459 right now, meaning you’d normally be spending $1,758 for this same setup. You’re looking at a combined 28% markdown here that cuts $580 off the tag for the best price we can find. Head below to get the full lineup of deals we’re seeing during this sale.

If you want to learn more about this solar bundle, or browse the full extent of Jackery’s Labor Day lineup, be sure to check out our original coverage of this sale here.

woman cutting branch with greenworks 60V 16-inch cordless chainsaw

Clear storm debris with Greenworks’ 60V 16-inch cordless chainsaw kit at $190 annual low

Amazon is offering the Greenworks 60V 16-inch Cordless Chainsaw with a 2.5Ah battery at $189.99 shipped, which beats out the brand’s direct website pricing by $50. While it normally carries a $300 MSRP, we’ve been seeing it recently keep down at $240 at Amazon, with discounts having only gone as low as $200 this year. You’re looking at the best price of the year so far on this model, which has shed $50 off the going rate ($110 off the MSRP) and lands as the second-lowest overall price we have tracked – $40 above the low we last saw during Christmas sales.

If you want to learn more about this chainsaw’s capabilities, be sure to check out our original coverage of this deal here.

woman handing man drink from goal zero alta 50 portable electric cooler

Save 30% on Goal Zero’s Alta 50 single-zone and Alta 80 dual-zone electric coolers starting from $560

By way of its official Amazon storefront, Goal Zero is offering its Alta 50 Portable Electric Fridge and Freezer for $559.89 shipped, with its larger Alta 80 variant also seeing an equally significant discount (more on that below the fold). This smaller unit normally goes for $800 at full price, which we’ve mostly seen discounts this year drop between $640 and $560, though there was one fall to $559, not to mention the falls to $550 and the $522 low back in 2024. You’re looking at the second-best price of 2025, though, with the 30% markdown here cutting $240 off the going rate, landing it at the fourth-lowest price overall that sits $38 above the one-time all-time low from Black Friday.

If you want to learn more about this cooler or its larger variant, be sure to check out our original coverage of this deal here.

Best Summer EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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Politics

US retirement plans could fuel Bitcoin rally to $200K despite downturn: Finance Redefined

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3 hours ago

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August 22, 2025

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US retirement plans could fuel Bitcoin rally to 0K despite downturn: Finance Redefined

US retirement plans could fuel Bitcoin rally to 0K despite downturn: Finance Redefined

Crypto inclusion in 401(k) plans may be more significant for Bitcoin than the 2024 launch of US spot Bitcoin ETFs, according to Bitwise’s European head of research.

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Politics

Coinbase predicts trillion-dollar stablecoin era by 2028

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3 hours ago

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August 22, 2025

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Coinbase predicts trillion-dollar stablecoin era by 2028

Coinbase predicts trillion-dollar stablecoin era by 2028

The forecast, which was published on Thursday, came amid renewed interest in stablecoins from several governments around the world.

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