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Fourth-Quarter GDP Report to Show Pace of U.S. Growth Late Last Year
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The U.S. fourth-quarter gross domestic product report will offer a snapshot of the economy at the end of a year in which consumers and businesses faced the highest inflation in four decades and a fast rise in interest rates.
The three months from October to December capped a year of economic cool-down from a rapid pandemic rebound that fueled red-hot growth in 2021. Last year, consumers spent at a slower pace, employers pulled back on hiring and the housing market weakened.
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