U.S. revises down last quarter’s economic growth to 2.6% rate 

A CONSTRUCTION WORKER prepares a recently poured concrete foundation on March 17 in Boston. The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate. ASSOCIATED PRESS FILE PHOTO / MICHAEL DWYER
WASHINGTON (AP) – The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate. But consumer spending, which drives most of the economy's growth, was revised sharply down.  The government had previously estimated that…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

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.

No posts to display