MNI BRIEF: US GDP Growth Slowed More Than Expected In 4Q

Jan-30 14:00By: Jean Yung
Federal Reserve

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U.S. GDP growth slowed by more than expected in the fourth quarter to a 2.3% annual rate from 3.1% in the third quarter, dragged down by a decline in investments even as consumption ramped up. PCE inflation, the Fed's preferred measure of prices, jum...