The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead.
Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose at a 2.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had expected a reading of 2.8%.
The growth rate was slightly slower than the 3.2% pace in the third quarter.
Stocks turned mixed following the report while Treasury yields were mostly higher.
Consumer spending, which accounts for about 68% of GDP, increased 2.1% for the period, down slightly from 2.3% in the previous…