- Factory orders for durable goods rose in March, pointing to sustained investment in business equipment that is helping drive economic growth.
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- GDP growth slowed to a 1.4% pace in the 1st qtr, an unexpected change for an economy coming off its best performance since 1984.
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- However, personal consumption, the biggest part of the economy, rose an annualized 2.7% in the 1st qtr, compared with 2.5% at the end of 2021.
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