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A trishaw driver wades through a crowded street at the frozen Houhai Lake in Beijing, Monday, Jan. 30, 2023. The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine.(AP Photo/Andy Wong)

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IMF upgrades outlook for the global economy in 2023
By PAUL WISEMAN - AP Economics Writer
Mon,01/30/23-7:30PM , 451 Reads
WASHINGTON (AP) — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine.
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An employee works in the battery assembly hall at the BMW Spartanburg plant in Greer, S.C., Wednesday, October 19, 2022. On Thursday, the Commerce Department issues its first of three estimates of how the U.S. economy performed in the fourth quarter of 2022.(AP Photo/Sean Rayford, File)

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US economy slowed but still grew at 2.9% rate last quarter
By PAUL WISEMAN - AP Economics Writer
Wed,01/25/23-5:00PM , 291 Reads
WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
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Shoppers are silhouetted against the sky as they arrives for a sale at a Best Buy store Friday, Nov. 25, 2022, in Overland Park, Kan. On Friday the Commerce Department issues its November report on consumer spending. The report contains a measure of inflation that is closely watched by the Federal Reserve, which has aggressively tried to corral inflation this year by raising its key lending rate seven times. (AP Photo/Charlie Riedel, File)

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An inflation measure watched by the Fed eases to 5.5%
By PAUL WISEMAN - AP Economics Writer
Fri,12/23/22-7:42AM , 774 Reads
WASHINGTON (AP) — A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing.
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Norfolk Southern locomotives are moved in the Conway Terminal in Conway, Pa., Thursday, Sept. 15, 2022. On Thursday the Commerce Department issues its third and final estimate of how the U.S. economy performed in the second quarter of 2022. By Matt Ott.(AP Photo/Gene J. Puskar, File)

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US economy grew 3.2% in Q3, an upgrade from earlier estimate
By PAUL WISEMAN - AP Economics Writer
Thu,12/22/22-7:40AM , 366 Reads
WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth.
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