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US economic growth slows sharply in the fourth quarter

By Lucia Mutikani WASHINGTON, Feb 20 (Reuters) - U.S. economic growth slowed more than expected in the fourth quarter amid disruptions from last year's government shutdown and a moderation in consumer spending, but tax cuts and investment in artificial intelligence were expected to support activity... Read More.

US PCE inflation heats up in December

WASHINGTON, Feb 20 (Reuters) - Underlying U.S. inflation increased more than expected in December, and signs are pointing to a further acceleration in January, which would strengthen expectations that the Federal Reserve would not cut interest rates before June. The personal consumption expenditures price index,... Read More.