<p>WASHINGTON — The nation's economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.
3% annual rate in the April-June quarter, up from a 1.5% pace in the January-March period. Spending on goods, such as cars and appliances, increased at a 2.
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US economic growth for last quarter is revised up slightly to a 1.4% annual rateThe American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate. Consumer spending grew just 1.5%, down from an initial estimate of 2% in a sign that high interest rates may be taking a toll on the economy.
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