"The U.S. economy grew at a 2.5 percent annual rate in the third quarter, the Bureau of Economic Analysis estimates, up from the second quarter's 1.3 percent pace.
It adds that growth picked up a bit thanks to stronger consumer spending, fixed investment, exports and federal spending. Reuters says the news is "a welcome relief for an economy that looked on the brink of recession just weeks ago."
This is just BEA's first estimate of growth in the third quarter. It will revise the figure two more times.
It adds that growth picked up a bit thanks to stronger consumer spending, fixed investment, exports and federal spending. Reuters says the news is "a welcome relief for an economy that looked on the brink of recession just weeks ago."
This is just BEA's first estimate of growth in the third quarter. It will revise the figure two more times.
Comment............This is the same as throwing a Chicken wing to a pack of Wolves...
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