The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the government said in a downgrade from its ...

added more than 1 percentage point to first-quarter annual growth. A measure of inflation in the January-March GDP report was revised slightly down from the government's original estimate.

US Economic Growth Last Quarter Is Revised Down From 1.6% Rate to 1.3% ... Consumer prices rose at a 3.3% annual pace, up from 1.8% in the fourth quarter of 2023 and the most in a year.

Corporate profits dropped for the first time in a year, falling 0.6% to $3.39 trillion from the fourth ... quarter was also revised down to 3.3% from 3.4%, the stiffest quarterly price-pressure ...