U.S. economy slowed but still grew at 2.9% rate last quarter

PBN Staff

01/26/2023

Economy GDP — AN EMPLOYEE works in the battery assembly hall at the BMW Spartanburg plant in Greer, S.C. 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. / ASSOCIATED PRESS FILE PHOTO / SEAN RAYFORD

WASHINGTON (AP) – 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 —…

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