US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience

1 of 4 | File – A generator and its blades are prepared to head to the open ocean for the South Fork Wind farm from State Pier in New London, Conn., Dec. 4, 2023. On Thursday, the government issues the first of three estimates of GDP growth in the United States during the October-December quarter.(AP Photo/Seth Wenig, File) 2 of 4 | File – Jose Vasquez, left, Gayle Goschie, center, and Eloy Luevanos set up a harrow behind a grain hopper in preparation for planting winter barley at Goschie Farms in Mount Angel, Ore., Oct. 31, 2023. On Thursday, the government issues the first of three estimates of GDP growth in the United States during the October-December quarter. (AP Photo/Amanda Loman, File) Read More 3 of 4 | File – Coca-Cola cans move down a conveyer belt in the Swire Coca-Cola bottling plant on Oct. 20, 2023, in Denver. On Thursday, the government issues the first of three estimates of GDP growth in the United States during the October-December quarter. (AP Photo/Brittany Peterson, File) 4 of 4 | File – A portion of US Steel’s Edgar Thomson plant is seen in Braddock, Pa., on Monday, Dec. 18, 2023. On Thursday, the government issues the first of three estimates of GDP growth in the United States during the October-December quarter. (AP Photo/Gene J. Puskar, File) WASHINGTON (AP) — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated from its sizzling 4.9% growth rate the previous quarter. But the latest figures […]

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