Underlying U.S. inflation increased more than expected in December, and signs are pointing to a further acceleration in January, which would strengthen expectations that the Federal Reserve would not cut interest rates before June.
Read more …
Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate
The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.
Read more …
US Economic Growth Slows to 1.4% in the Fourth Quarter
U.S. economic growth slowed more than expected in the fourth quarter amid disruptions from last year's government shutdown and a moderation in consumer spending, but tax cuts and investment in artificial intelligence were expected to support activity this year.
Read more …
Economists: Supreme Court May Force $175B Tariff Refunds
More than $175 billion in U.S. tariff collections are at risk of being refunded if the U.S. Supreme Court rules against President Donald Trump's broad emergency tariffs, Penn-Wharton Budget Model economists said Friday. Their estimate, produced at Reuters' request, was...
Read more …