Posted inBusiness & Real Estate, U.S.

Not a recession, at least not yet. Economy grew 2.9% rate last quarter.

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession. Thursday’s estimate from the Commerce Department showed that the nation’s gross domestic product — the […]