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Stocks climb as a strong economic report helps offset interest rate fears.



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Continuing to rebound from the shocks of the pandemic, the nation’s economy expanded by 1.7 percent in the final three months of 2021, the Commerce Department announced Thursday.The figure, which was adjusted for inflation, reflects the growth in gross domestic product — the broadest measure of the goods and services produced. On an annualized basis, the increase for the quarter was 6.9 percent.For the full year, the economic expansion was 5.7 percent, the biggest since 1984 — an impressive feat, though one that also reflects the depth of the damage inflicted by the coronavirus the year before.The fourth quarter was, to some extent, a respit …

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