Trump officials say the Iran war could end in weeks; oil futures signal falling prices. See what it means for energy markets, inflation and the U.S.

The U.S. economy, hobbled by last fall's 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade o

The fourth-quarter number was half the government’s first estimate of 1.4% as economists had expected the revision to go the other way.

The U.S. economy was in worse shape in the weeks before the U.S. and Israel launched strikes against Iran than earlier government estimates had suggested.

The latest estimate pegs fourth-quarter growth at a 0.7% annual pace, roughly half the initial 1.4% reading, after a brisk 4.4% surge in the third quarter. The comedown reflects a sharp pullback in federal spending, softer exports, and a slowdown in goods purchases, according to The Associated Press.

Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.

U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product — the output of goods and services — increased ...

The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring and lingering inflationary pressures. The war has already raised oil prices and could lift prices at the pump as early as this week,

The U.S. grew at a slight to moderate clip early in the new year, the Federal Reserve said, but “uncertainty,” higher prices and severe winter weather held the economy back.