The US economy displayed strong growth in Q4 of 2023, defying recession predictions.

This growth was driven by consumer spending, government outlays, exports, and business investments.

A stock market rally increased consumer confidence and inflation stayed low.

President Biden and Treasury Secretary Yellen highlighted the increases in wages, wealth, and employment.

Concerns persist about previous interest rate hikes and the sustainability of consumer spending.

Potential economic risks in 2024 are being considered.