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US growth likely slowed last quarter but still pointed to a resilient economy

By Economic Times - 10 months ago
The U.S. economy is expected to report a 2% annual growth rate for the fourth quarter of 2023, showcasing the unexpected resilience of the nation's economy despite the highest interest rates in two decades. The Federal Reserve's rate hikes, aimed at curbing inflation, have not triggered a significant economic downturn, with steady consumer spending playing a crucial role in sustaining growth.

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