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We didn't see anything in particular that gave us pause about persistent components revised up or down." GDP in the first quarter of 2020 was revised down to show it contracting at a 5.3% ...
By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters.
The reading came in lower than third quarter GDP, which was revised down to 4.9%. For the year, the US economy grew at an annualized rate of 2.5%, up from 1.9% in 2022.
Gross domestic product - the broadest measure of economic activity - grew at an 1.3% annualized rate from January through March, down from the advance estimate of 1.6% and notably slower than the ...
The US economy grew at a faster-than-expected pace in the second quarter. ... The reading came in higher than first quarter GDP, which was revised down to 1.4%. “We think [the second quarter ...
The government's measure of inflation in the economy, the price index for gross domestic purchases, rose at a 1.7% rate, revised down from the 1.9% rate estimated last month. This followed a 3.8% ...
The Commerce Department’s second estimate of growth last quarter marked a slight acceleration from a 2% annual growth rate from January through March. Wednesday’s report on the nation’s ...
The Bureau of Economic Analysis's revised estimate of second quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.1% during the period, lower than the initial ...