U.S. Economy Had Less Momentum Heading Into 2019 as Corporate Profits Stalled - News Summed Up

U.S. Economy Had Less Momentum Heading Into 2019 as Corporate Profits Stalled


WASHINGTON—The U.S. economy finished the year on a softer note than previously estimated, and new data shows corporate-profit growth stalled, pointing to weak momentum at the start of 2019. Businesses faced slower consumer spending and rising labor costs, which could signal more moderate growth this year despite a strong labor market.


Source: Wall Street Journal March 28, 2019 12:22 UTC



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