U.S. growth slowed last quarter to 1.6% pace, reflecting an economy pressured by high rates
WASHINGTON (AP) — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending. Thursday’s report from the Commerce Department said the gross domestic product – the economy’s total output of goods and services — decelerated […]