US economic growth revised lower in fourth quarter
The U.S. economy grew at a slower rate than previously thought in the fourth quarter after the Commerce Department released its first revision of real gross domestic product (GDP) growth for the latest quarter.The Bureau of Economic Analysis (BEA) released its second estimate of fourth-quarter GDP, which showed the economy grew at a 0.7% rate. That was slower than the 1.4% estimate of economists polled by LSEG, and below the Commerce […]