Economic Growth Cools as American Consumers Temper Spending

January 29, 2016 1:31 PM

37 0

The U.S. economy expanded at a slower pace in the fourth quarter as households tempered spending and businesses cut back on capital investment and adjusted inventories.

Gross domestic product rose at a 0.7 percent annualized rate in the three months ended in December after a 2 percent gain in the third quarter, Commerce Department figures showed Friday. The advance was in line with the Bloomberg survey median forecast of 0.8 percent.

Read more

To category page

Loading...