The U.S. economy is on solid ground as inflation, although above the Federal Reserve’s 2% target, has declined sharply. The Commerce Department, in its second and final estimate, said last week that U.S. gross domestic product (GDP) grew a solid 3.2% in the fourth quarter of 2023 driven by robust consumer spending.Although growth in the fourth quarter was lower than the third quarter’s growth of 4.9%, the economy is still advancing at a rapid pace as price pressures continue to ease and raise hopes of a sof ...