MAGA economics, Craig

Economic growth was slower at the end of 2025 than data first showed and inflationary pressures persisted at the start of this year, a troubling snapshot of an economy on unsteady footing before war with Iran upended oil and financial markets.

Consumer prices increased moderately in January, the Federal Reserve’s preferred inflation gauge showed on Friday. Economists worry prices will march even higher in the coming weeks. And gross domestic product, the benchmark measure of economic growth, which is adjusted for inflation, was revised down to a 0.7 percent annual pace for the last three months of the year.