The U.S. economy was handed two more disappointing report cards this morning.
Economic growth was slower than first reported in the fourth quarter, and inflation in January clocked in at a 2.8% annual rate, according to the personal consumption expenditures index. Core inflation, excluding food and energy prices, was up 3.1% over the same period.
Revisions to fourth-quarter GDP pushed overall economic growth well below its original estimate of 1.4%. The new figure came in at 0.7% growth for the end of 2025.
