U.S. Q4 growth pace revised down to 2.2% from 2.6%

U.S. GDP in the fourth quarter was revised down from a 2.6 percent annualized rate to a 2.2 percent annualized rate. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
U.S. GDP in the fourth quarter was revised down from a 2.6 percent annualized rate to a 2.2 percent annualized rate. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
NEW YORK - United States economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration. Gross domestic product grew at a 2.2 percent annualized rate, Commerce Department data showed Thursday, less than the initial 2.6 percent…

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