US Economic Growth Slows to 1.4% as Core PCE Inflation Surges to 3.0%

Key TakeawaysUS Q4 GDP growth slowed sharply to 1.4%, missing the consensus estimate of 2.8% and marking a significant deceleration from the previous quarter's 4.4%.The Core PCE Price Index rose 3.0% year-over-year in December, coming in hotter than the 2.9% forecast and complicating the Federal Reserve's path toward interest rate cuts.US Equity Futures turned negative following the data release, with Nasdaq 100 Futures leading the decline with a 0.4% drop as investors weighed stagflationary signals.Nvidia ...