U.S. economy expands at 2.9% annual rate in fourth quarter

U.S. economy expands at 2.9% annual rate in fourth quarter

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Data: U.S. Department of Commerce; Chart: Axios Visuals The U.S. economy grew at an annualized 2.9% rate in the final months of 2022, the Commerce Department said on Thursday. Why it matters: Economists are bracing for a significant slowdown in economic activity as the Federal Reserve's interest…

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