Alex Ossola

Among the indexes, the Nasdaq led the gains, adding 0.9 percent.

New data out from the Commerce Department today show an economy with slowing growth and rising inflation.

U.S.

gross domestic product, the value of all goods and services produced across the economy, rose at a 1.4 percent annual rate in the final quarter of last year.

That was much weaker than what the Atlanta Fed had modeled, which we noted in this morning's show, and was a sharp slowdown from the 4.4 percent growth in the previous quarter.

And the Federal Reserve's preferred gauge showed that inflation rose at the end of last year.

The personal consumption expenditures price index increased by 0.4 percent in December, higher than November's 0.2 percent rise and roughly in line with analysts' forecasts.

The data underscores why many Fed officials have turned cautious about supporting further interest rate cuts.

Heads up that we dropped a special bonus episode earlier today.

In the latest What's News in Earnings, we look at what the earnings reports of some of the country's biggest homebuilders tell us about the health of the U.S.

housing market.

That's in your What's News feed now.

Coming up, could Trump's aggressive immigration policies cost Republicans the midterms?

One GOP representative thinks so.

That's after the break.

We're exclusively reporting that as many as 20,000 people are now at large in Syria after an exodus from a camp that held jihadist families.

That's according to U.S.

officials familiar with an estimate from U.S.

intelligence agencies.

Security experts have long warned that the wives of Islamic State fighters were effectively raising the next generation of militants at the Al-Hol facility.