Ashlee is pregnant!

Newlyweds ASHLEE and PETE WENTZ have confirmed that they are expecting a baby in a statement on Pete's web site.

The statement reads: "While many have speculated about this, we wanted to wait until after the first trimester to officially confirm that we are expecting our first child. This is truly the most joyous time in our lives and we are excited to share the happy news and start our family." The news is signed by Pete and Ashlee Wentz.

Ashlee, 23, and Pete, 28, got married almost two weeks ago on May 17 in a ceremony at Ashlee's family's home. The pair officially started dating in 2006 and last month announced their plan to wed.