The U.S. economy looks to be slowing down.

FOX's Jon Decker has more from the White House:

The U.S. economy grew by an anemic seven-tenths of a percent in the fourth quarter as a strong dollar and tepid global demand weighed on exports. Also impacting economic growth, lower oil prices, and unseasonably mild weather which cut into consumer spending.

The fourth quarter number from the Commerce Department follows the two percent growth rate in the third quarter.

The latest GDP number could delay plans by the Federal Reserve to raise interest rates in March after hiking them in December.

At the White House, Jon Decker, FOX News.