US economic growth stronger than expected
The US economy grew at an annual rate of 2.9% at the end of 2022, but home sales and construction tumbled….
“For almost a year, the Federal Reserve has been trying to achieve a soft landing by raising short-term interest rates just-enough to bring down inflation without causing a recession. It’s clear the economy remains relatively strong in the face of the Fed’s efforts, suggesting they’re succeeding,” said Richard Flynn, managing director at Charles Schwab UK.
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