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.
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent14
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase11
13:12 Putin Wants to Work With Trump as Equals to Restore Relations14
09:46 UK manufacturing growth cools unexpectedly in November: PMI10