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Thursday, February 23, 2023

Fundamental: The US economy grew less in fourth quarter than previously believed

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Alert Alert Feb 24, 2023, 12:54am
 
Fundamental: The US economy grew less in fourth quarter than previously believed
The US economy grew at a 2.7% annual rate in the final three months of the year, the Commerce Department reported Thursday. That's less than the previous estimate of 2.9% growth in the quarter. The slower increase in gross domestic product, a broad measure of economic activity, could be a sign that the Federal Reserve's series of steep interest rate hikes ...
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