Economics
GDP Shows U.S. Economy Is Steadier Than Thought
- Business investment, solid consumer are good omens for growth
- But Fed seen remaining patient as risks to outlook unchanged
This article is for subscribers only.
The U.S. economy was steadier than thought at the end of last year, but it’s probably too soon to give it a clean bill of health for 2019.
That’s the main takeaway from the shutdown-delayed report Thursday on fourth-quarter gross domestic product, which cooled by less than expected to a 2.6 percent annualized gain thanks to surprisingly robust business investment and a stalwart consumer.