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The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, below the 2.9% growth ...
The latest GDP report showed that a key gauge of consumer demand picked up in the second quarter to an annual rate of 2.9%, matching the rate in the fourth quarter of 2023 for the strongest pace ...
The report “sends a clear message that the economy is doing well, and inflation is moderating — good news for the Federal Reserve,’’ said Ryan Sweet, chief U.S. economist at Oxford Economics.
The economy has defied prophecies of doom since late 2022 following the Fed's aggressive rate hiking campaign to stamp out inflation. It is a down shift in economic growth and it confirms the ...
GDP rose 2.8% last quarter, while PCE inflation was 2.2% in September. Traders are bracing for earnings from Meta after the close.
The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period, missing the 2.5% growth ...
Friday's trading brought fresh concerns over corporate earnings and economic growth. Stocks, however, still posted overall wins for the week. The S&P 500 ( ^GSPC ) ended the week up about 1.4%.
Stocks slide as inflation reading cements bets on small Fed rate cut. Why the Fed targets 2% inflation. Jennifer Schonberger is a veteran financial journalist covering markets, the economy, and ...