Editor
US economic growth slowed sharply in the first quarter of 2023 despite strong consumer spending, as the Federal Reserve ploughed ahead with its historic monetary tightening campaign.
The world’s largest economy grew 1.1 per cent on an annualised basis between January and March, according to preliminary data released by the commerce department on Thursday.
The figures marked an abrupt deceleration from the 2.6 per cent pace registered…
