The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.3% annual rate from October through December. For the full year, ...

The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose by 2.3% in Q4, up from 1.5% in Q3. The core PCE, which excludes food and energy, ...