A likely moderation of US economic growth in the fourth quarter ended an otherwise solid stretch of activity over the final six months of 2023, feeding expectations the expansion will remain intact. Economists project the government’s initial reading of gross domestic product — the sum of goods and services produced — to show an annualized 2% increase, according to the median estimate in a Bloomberg survey. That would follow the 4.9% third-quarter advance and mark the strongest back-to-back quarters of growth since 2021. At the same time, inflationary pressures are becoming less pronounced. A day after Thursday’s GDP ... (full story)