Listen Live

Current Weather

Loading advertisement…

US fourth-quarter GDP growth revised lower to a 0.5% rate

WASHINGTON, April 9 (Reuters) - U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised 0.5% annualized... Read More.

White House confident Warsh will lead Fed in May

WASHINGTON, April 9 (Reuters) - White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect current Fed chairman Jerome Powell to remain on the board. "I'm... Read More.