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The U.S. economy grew at blistering 3.3% pace in Q4 while inflation pulled back
The economy grew at a much more rapid pace than expected while inflation eased in the final three months of 2023‚ as the U.S. easily skirted a recession that many forecasters had thought was inevitable‚ the Commerce Department reported Thursday.
Gross domestic product‚ a measure of all the goods and services produced‚ increased at a 3.3% annualized rate in the fourth quarter of 2023‚ according to data adjusted seasonally and for inflation.
That compared with the Wall Street consensus...