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US economy grew faster than expected during the 4th quarter
The U.S. economy grew at a faster pace than expected at the end of 2023‚ underscoring its resilience even in the face of still-high inflation and steep interest rates.
Gross domestic product‚ the broadest measure of goods and services produced across the economy‚ grew by 3.3% on an annualized basis in the three-month period from October through December‚ the Commerce Department said in its first reading of the data Thursday.
That is far higher than the 2% increase forecast by Refinitiv...