U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
Inflation was up and inventories down, but consumer spending kept GDP growing — albeit at a slower pace.
Consumer spending remained high while the broader economy slowed, growing just 1.1 percent in the first 3 months of 2023, according to data released Thursday.
Largely automated computer models beat most economists.
Moscow cut off all energy supplies to Poland and Bulgaria. A federal judge blocks Title 42, a pandemic immigration policy, from being rolled back. New economic data is released Thursday morning.