Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%

The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4....

The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.