WASHINGTON (AP) — The U.S. economy expanded at a 2.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} once-a-year fee from October by way of December, a strong showing irrespective of increasing fascination charges and elevated inflation, the authorities said Thursday in a downgrade from its preliminary estimate. The governing administration experienced previously approximated that the economic climate grew at a 2.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} yearly rate very last quarter. The Commerce Department’s revised estimate of the fourth quarter’s gross domestic merchandise — the economy’s complete output of merchandise and services — marked a deceleration from the 3.2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} advancement fee from July as a result of September. Thursday’s report revised down the government’s estimate of customer spending development in the Oct-December…