US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

ABC News

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The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace

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