U.S. economy expanded at just 0.7% in fourth quarter

Core Viewpoint - The U.S. economy experienced a significant slowdown, advancing at an annual rate of only 0.7% from October to December, which is a notable downgrade from initial estimates due to the impact of a 43-day government shutdown [1] Economic Performance - The Commerce Department reported a revised annual growth rate of 0.7% for the U.S. economy during the last quarter of the year, reflecting a weaker performance than previously anticipated [1] - The 43-day government shutdown from the previous fall is cited as a key factor contributing to this sluggish economic growth [1]