U.S. GDP grows at 2.6% pace as business spending accelerates

UNITED STATES GDP increased at a 2.6 percent annualized rate from October to December. / BLOOMBERG NEWS FILE PHOTO/ALEX FLYNN
UNITED STATES GDP increased at a 2.6 percent annualized rate from October to December. / BLOOMBERG NEWS FILE PHOTO/ALEX FLYNN
NEW YORK - The United States economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates. The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -