CQM significantly revised economic growth rate on both the expenditure and income sides. The average growth rate of real GDP on both sides was adjusted up from 1.39% to 2.45%. The CQM clearly shows that the economy began to expand in November. On the other hand, PCA revised economic growth rate only by 0.10% from 1.03% to 1.13% mainly due to the update of real money supply in October. However, PCA will revise up economic growth by updating November S&P500 and employment. We can conclude that the U.S. economy is expanding in 2024Q4.