Revision History

The US economy entered 2026 on shaky ground as Q4 2025 GDP growth slowed sharply to 1.4%, the labor market posted its worst month in years with 92,000 jobs lost in February, and consumer confidence cratered to a 12-year low. A landmark Supreme Court ruling striking down IEEPA tariffs in February has thrown trade policy into turmoil, even as the administration scrambles to reimpose levies through alternative legal channels, leaving businesses and consumers navigating a landscape of deep uncertainty.