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U.S. economy slowed in 4th quarter

SPX News by Newsroom on 11:15 January 27, 2017 EST

Gross domestic product expanded at a 1.9% annualised from October to December, the Commerce Department said on Friday. That’s a substantial drop from a 3.5% growth rate in the third quarter and below the 2.2% analysts were expecting.

For the full year, the U.S. grew just 1.6%, down from a 2.6% in the previous year.

Stocks and the dollar heading a bit lower after the news release.





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