( ) -q-18- UNDATED (Correspondent Jeremy House) “to surprising resilience.” The U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two year. [CutID: <Cuts> ECONOMIC-GROWTH-house-q-THUam.mp3 Time: 18s Title: ECONOMIC-GROWTH-house-q-THUam Out-cue: to surprising resillience] TAG: Correspondent Jeremy House reporting. still marked a deceleration from […]
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US economic growth last quarter is revised up to a 2% annual rate
( ) -q-18- UNDATED (Correspondent Jeremy House) “to surprising resilience.”
The U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two year.
[CutID: <Cuts> ECONOMIC-GROWTH-house-q-THUam.mp3
Time: 18s
Title: ECONOMIC-GROWTH-house-q-THUam
Out-cue: to surprising resillience]
TAG: Correspondent Jeremy House reporting. still marked a deceleration from the 2.6% annual rate from October through December and the 3.2% growth from July through September. The economy has been slowed by the Federal Reserve’s aggressive drive to tame inflation through a series of interest rate hikes beginning early last year.
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VERBATIM: The Commerce Department’s report is a sharp upgrade from its previous estimate. The government had previously estimated that the economy expanded at a 1.3% annual rate last quarter. The department’s third and final report on January-to-March economic growth pointed to surprising resilience.