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US revises down last quarter’s economic growth to 2.7% rate

FILE - A shopper carries bags down Fifth Avenue on Friday, Nov. 25, 2022, in New York. The Commerce Department releases its revised estimate of how the U.S. economy fared in the fourth quarter on Thursday, Feb. 23, 2023. (AP Photo/Julia Nikhinson, File) FILE - Used car are on display on a lot in Wexford, Pa., Thursday, Sept. 29, 2022. The Commerce Department releases its revised estimate of how the U.S. economy fared in the fourth quarter on Thursday, Feb. 23, 2023. (AP Photo/Gene J. Puskar, File)