Strong Q4 Profits Mask Growing Trade Threat to U.S. Economy

The U.S. economy ended 2024 on a stronger note than initially estimated, with fourth-quarter GDP growth revised up slightly to a 2.4 percent annualized rate, according to the latest Wells Fargo Economics analysis. Corporate profits also surged, posting their largest gain in two years. However, newly released trade data for February signals that net exports […]