US economy slows in final months after turbulent year

"The core of the economy is resilient."

— Michael Pearce , Academic

"The government shutdown ended up being a much bigger drag on the economy than other data had suggested."

— Paul Ashworth , Academic

"cost the USA at least two points in GDP"

— Donald Trump , Politician

"This PCE report is a reality check."

— Olu Sonola , Academic

"Last year’s slower growth, compared to prior years, was 'great given how much labor supply is down.'"

— Stephanie Roth , Academic

"A slower pace of consumer spending was expected for the final quarter of 2025."

— Brett Ryan , Academic

"A sizable month-to-month increase in sentiment for the largest stockholders was fully offset by a decline among consumers without stock holdings."

— Joanne Hsu , Academic

"The new 10pc tax, which will be in effect for 150 days, will also exempt imports eligible for duty-free treatment under the US-Mexico-Canada free trade agreement."

— Donald Trump , Politician