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GDP Data Release
The BEA releases growth figures showing a miss against market expectations.
White House Response
President Trump issues a statement blaming the shutdown for the economic slowdown.
Government Reopens
A temporary funding bill is signed, ending the shutdown and restoring federal operations.
Shutdown Begins
Federal agencies close as legislative funding negotiations reach an impasse.
The U.S. economy expanded at a lackluster 1.4% annualized rate in the fourth quarter, falling significantly short of analyst expectations. This deceleration marks a sharp cooling from previous quarters and raises new questions about the Federal Reserve's interest rate trajectory.
The U.S. economy recorded slower-than-expected GDP growth in the latest quarter, a development President Donald Trump has attributed to the recent government shutdown. The miss underscores the economic friction caused by political gridlock and raises questions about the underlying strength of consumer spending and business investment.
U.S. stock futures edged higher on Friday morning as investors braced for a dual-threat of economic data releases. Markets are specifically focused on Gross Domestic Product (GDP) revisions and upcoming inflation gauges to determine the Federal Reserve's next move on interest rates.