USA: Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%

• GDP rose at a seasonally and inflation-adjusted annual rate of just 0.7% in the fourth quarter, according to a Commerce Department revision Friday.
• The first revision of the GDP reading was a sharp step down from the previous estimate of 1.4% and well below the Dow Jones consensus forecast for 1.5%.
• The core PCE inflation rose 0.4% in January and 3.1% on a 12-month basis. The ex-food and energy reading was 0.1 percentage point higher than December.

https://www.cnbc.com/2026/03/13/fourth-quarter-gdp-revised-down-to-just-0point7percent-growth-january-core-inflation-was-3point1percent.html