US economic growth slowed sharply to 0.7% in 4th quarter
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The U.S. economy is weaker than it seemed a month ago, and lower interest rates may not be the answer.
GDP grew at an annualized rate of 1.4% in the fourth quarter, down from 4.4% in the third quarter. The report was originally scheduled for Jan. 29, but was released at 8:30 a.m. ET Friday because of government shutdown-related delays.
President Trump had envisioned a growing economy and improving fortunes for American families in 2026. That appears at risk in his war with Iran.
More registered voters disapprove of President Donald Trump’s job performance thus far into his second term than approve, according to a recent Center Square Voters’ Voice
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The US economy was on shaky footing even before President Donald Trump plunged the United States into a war with Iran, a battery of new data released Friday showed.