After a strong finish to 2022, the U.S. economy appears headed for a slowdown.
The economy showed surprising resilience at the end of last year, growing at a healthy clip despite the war in Ukraine and the lingering effects of the coronavirus pandemic.
Forecasters say that growth is likely to slow, however, and possibly even reverse in the months to come, as consumers and businesses continue to deal with rising prices, as well as the Federal Reserve’s aggressive push to boost interest rates.
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