Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - AP News
AI Summary1 min read
TL;DR
The U.S. economy grew at a slow 0.7% rate in Q4 2023, with the government revising down its initial estimate. This sluggish expansion comes amid concerns over inflation and potential geopolitical tensions.
- Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing AP News
- Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1% CNBC
- Consumer Prices Rose in January, Before Iran War Added Price Pressures The New York Times
- The US economy grew just 0.7% last quarter, ahead of a potentially destabilizing war with Iran CNN
- U.S. economy expanded at sluggish 0.7% in fourth quarter, government says, downgrading first estimate NBC News