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U.S. economy booms with 3.3% growth in final quarter of 2023
The U.S. economy expanded at a 3.3% annualized pace in the final quarter of 2023‚ the Commerce Department said on Thursday.
Why it matters: It's much stronger growth than economists expected and caps a year of economic resilience as the nation avoided a projected recession.
The economy moderated in the September-December period compared to the previous quarter's 4.9% growth‚ which got a notable boost from companies building up inventories.
The big picture:Â Economic...
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