U.S. financial system grew by 2.9% in Q4 – Commerce Division

U.S. economy grew by 2.9% in Q4 – Commerce Division

© Reuters. By Scott Kanowsky Investing.com — U.S. economic growth eased, albeit by slightly less than expected, in the last three months of 2022, in a sign of the impact the Federal Reserve’s recent monetary policy tightening cycle is having on household and business spending. The world’s biggest economy expanded by 2.9% on an annualized