WASHINGTON—Americans’ spending on services slowed sharply in the fourth quarter, suggesting the economy lost more momentum at the end of 2018 than previously believed. Revenues across the U.S. service sector rose a seasonally adjusted 1.2% in the fourth quarter from the third, the Census Bureau said Thursday. That marked the weakest pace of growth in five quarters. Economists...

Source: Wall Street Journal March 21, 2019 22:18 UTC