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US economy slowed but still grew at 2.9% rate last quarter

A United Parcel Service driver makes deliveries at the Mount Lebanon Shops in Mount Lebanon, Pa., Monday, Jan. 23, 2023. 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/Gene J. Puskar) FILE - The Container ship Cam Cgm Arctic (MT) is moored at Maersk APM Terminals Pacific, Pier 400, at the Port of Los Angeles on Monday, Nov. 21, 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/Damian Dovarganes, File) FILE - Vineyard worker Gerardo Solano loads bins of Cabernet Sauvignon grapes onto a trailer during harvest at Inglenook in Rutherford, Calif., Wednesday, Sept. 21, 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/Eric Risberg, File) Ford F150 trucks are displayed at a Gus Machado dealership Monday, Jan. 23, 2023, in Hialeah, Fla. 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/Marta Lavandier) FILE - 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)