The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well ...

Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace, below the 2.4% estimate. The personal consumption ...

Economic growth slowed in the first three months of 2023. The Commerce Department said that gross domestic product grew at an annual rate of 1.1% in the first quarter — down from 2.6% in late 2022.