Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.

The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed since the U.S. and Israel began the war on Iran.
For JPMorgan Chase, winning the niche of startup banking from rivals is about more than just gaining deposits: It's a bet to future-proof the largest U.S. bank.
WTI crude saw its biggest weekly gain since the 1980s last week.
The U.S. Central Command said that the loss was "not due to hostile or enemy fire."
The forced-labor probes follow Section 301 investigations launched on Wednesday, targeting excess industrial capacity across more than a dozen economies.
It comes at a time when the Caribbean island is grappling with a worsening economic crisis.
Analysts say any attempt to attack or seize Iran’s strategic oil hub is likely to be fraught with risk.
The hyperscalers racing to build the data centers needed for the AI boom have a PR crisis on their hands, but the industry is not taking the problem lying down.
The closure of the Strait of Hormuz for longer could deepen the worries of the world's fastest-growing economy
His comments to CNBC come as the U.S. and Israeli-led war appears poised to enter its third week.
MacKenzie Scott and many of America's richest are absent from the latest Philanthropy 50 ranking.
Heading in the spring home selling season, buyers should know what their options are before locking in an interest rate for a new mortgage, experts say.
Iran has launched a volley of drone and missiles in the Middle East, including against the UAE, following U.S.-Israeli strikes on the country.
Palantir CEO Alex Karp sat down exclusively with CNBC to discuss the Iran war and how AI is being used in wartime.
The WNBA season is set to kick off Friday, May 8, and the draft is scheduled for April 13.
Shantanu Narayen led Adobe through a transition to subscription software, and he's been positioning the company to grow in the artificial intelligence age.
The U.S. has temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets.
Ulta Beauty reported fiscal fourth-quarter earnings Thursday that beat Wall Street revenue expectations but missed on earnings per share.
Advocates of the voter-ID bill have pressed the Senate for months to call a vote on the controversial legislation.
As both energy prices and inflation fears pop higher, expectations for cuts are sliding lower.
The Strait of Hormuz has been effectively closed to shipping because of the war against Iran by the U.S. and Israel.
The State Department said this week that 36,000 Americans had returned to the U.S. after the start of the war with Iran.
"Believe me, you'll be kicking yourself if you sell everything and then you have to watch this market rebound without you," CNBC Jim Cramer said Thursday.