U.S. economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

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The U.S. economy grew at a solid 3.4 per cent annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The government had previously estimated that the economy expanded at a 3.2 per cent rate last quarter.

The WestRock Paperboard Mill is in Solvay, N.Y., is shown on Jan. 16, 2024. On Thursday, March 28, 2024, the U.S. government issues the third and final estimate of economic growth in the October-December quarter.

Stripping out volatile food and energy prices, so-called core inflation amounted to 2 per cent from October through December, unchanged from the third quarter.The economy's resilience over the past two years has repeatedly defied predictions that the ever-higher borrowing rates the Fed engineered to fight inflation would lead to waves of layoffs and probably a recession.

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Gangs netting up to US$3 trillion a year as Southeast Asia human trafficking becomes a global crisis, Interpol says In just under two years, the Artemis II mission will depart for the moon and on board will be Canadian astronaut Jeremy Hansen. He will be the first Canadian to travel to the moon, but before his 2025 departure, he spoke to UBC students Wednesday about his journey.The prime minister chose an East Vancouver community centre to woo Millennials and renters with an announcement Wednesday that was big on populist rhetoric but apparently light on impact.

 

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