WASHINGTON — 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 […]
revises
The United States overall economy expanded at a 2.7 % yearly rate from October by way of December 2022, a reliable exhibiting in spite of increasing desire prices and elevated inflation, the federal government mentioned Thursday in a downgrade from its initial estimate. The federal government experienced formerly approximated that […]