US economy slowed but still grew at 2.9% rate last quarter (access required)

By: The Associated Press January 27, 2023 Comments Off

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession. Thursday’s estimate from the Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — decelerated last quarter from ...

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US economy slowed but still grew at 2.9% rate last quarter

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