© 2024 KOSU
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

U.S. economy grew at fastest pace since 1984, new GDP data shows

Data out Thursday on the gross domestic product shows the U.S. economy increased at a 6.9% annualized pace from October to December of 2021.

This was stronger than expected and comes one day after Federal Reserve Chair Jerome Powell announced interest rate hikes could come in March.

Here & Now‘s Anthony Brooks speaks with MSNBC anchor and economics correspondent Ali Velshi.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

KOSU is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.