Business
US economic growth revised lower in final fourth quarter reading
The Acquirers Funds founder and managing director Tobias Carlisle discusses retail sales on Making Money.
This story about the fourth-quarter GDP report is developing and will be updated with more details.
The U.S. economy grew at a slightly slower pace than expected in the fourth quarter, according to the Commerce Department’s estimate.
The Bureau of Economic Analysis (BEA) on Thursday released its final reading of fourth-quarter GDP, which showed the economy grew at an annualized rate of 0.5% in the three-month period including October, November and December.
Shipping containers are organized at the Houston Port of Authority on Feb. 10, 2025 in Houston, Texas. (Brandon Bell/Getty Images)
FED’S FAVORED INFLATION GAUGE REMAINED ELEVATED IN FEBRUARY, DELAYED REPORT SHOWS
That figure was lower than the expectations of economists polled by LSEG, who had estimated 0.7% GDP growth in the fourth quarter.
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