US Growth Slowed Sharply Last Quarter To 1.6% Pace, Reflecting An Economy Pressured By High Rates

The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services […]

View Source: Read More

Leave a Reply

Your email address will not be published. Required fields are marked *