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…

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