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US fourth-quarter GDP revised down to 0.7% growth; January core inflation at 3.1%
GDP growth slowed sharply due to a 43-day government shutdown and weaker consumer spending while core inflation rose 3.1%, the highest in nearly two years, government data showed.
- The Commerce Department's second estimate shows fourth-quarter GDP at a 0.7% annualized rate, down from the initial 1.4% and below 4.4% in the third quarter.
- The 43-day government shutdown last fall and a 16.7% plunge in federal government spending and investment reduced fourth-quarter growth, the Commerce Department reported Friday.
- The Commerce Department on Friday reported that the personal consumption expenditures index rose 0.3% in January and is up 2.8% from a year ago, while core PCE increased 0.4% and 3.1% annually.
- Federal Reserve officials are watching inflation and geopolitical risks as the U.S. labor market weakens and 2025 GDP slows to 2.1%, influencing potential policy decisions.
- Rising energy costs tied to the Iran war have pushed up oil and gas prices, exports fell 3.3% in the fourth quarter, and business investment excluding housing rose 2.2%, with the final GDP report due April 9.
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95 Articles
By Bryan Mena, CNN - U.S. economic growth at the end of last year was even weaker than previously reported, hampered by the historic government shutdown even before the U.S. war with Iran. Gross domestic product (GDP), the broadest measure of economic output, expanded at an annualized rate of 0.7% in the October-December period, the Commerce Department reported Friday in its second estimate. This figure represents a sharp drop from the initially…
US economy grew meager 0.7% in Q4 in big downgrade from initial estimate — here’s why
The US economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate.
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U.S. economy expands slowly at 0.7% in fourth quarter, downgrading from initial government estimate
Growth in gross domestic product — the nation's output of goods and services — was down sharply from 4.4% in last year's third quarter and 3.8% in the second.
Washington. The gross domestic product (GDP) of the United States in the last quarter of last year was significantly revised downwards this Friday, due to a cooling of consumer, government and investment spending, according to official data.The economy grew at an annualized rate of 0.7% in the fourth quarter of 2025, the Department of Commerce reported, well below the initially estimated 1.4%.This review reflects “downward cuts in exports, house…
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