(Wikimedia Commons)

The U.S. economy grew at a 3.2 percent annual rate in the October-December quarter as consumer spending rose, businesses boosted, and investment and exports surged, an encouraging sign for 2014. The Fed has expected the economy will grow between 2.8% and 3.2% this year.

However, a number of risks may slow down the growth. Elevated inventories and mounting turmoil in emerging economies could weigh down this year’s first-quarter growth and hit U.S. exporters. And the shrink of the international markets over the past week could block American’s investment portfolios, which might drag down consumers’ purchasing.

Read more at The Wall Street Journal.

Reach staff writer David Zhao here.