U.S. economic growth slowed more than forecast last quarter on the biggest drag from trade in six years and more moderate consumer spending. Business investment picked up, which may be a harbinger for faster expansion in 2017. Gross domestic product, the value of all goods and services produced, rose at a 1.9 percent annualized rate following the prior quarter’s 3.5 percent gain, Commerce Department data showed Friday in Washington. The median forecast in a Bloomberg survey called for 2.2 percent. Consumer spending, the biggest part of the economy, rose 2.5 percent, in line with projections. The results cap growth of ... (full story)