Tag Archives: GDP

First Quarter GDP Revised from 2.3% to 2.2%

Real GDP grew at a seasonally adjusted annual rate of 2.2% during the first quarter of 2018, according to the Bureau of Economic Analysis’s second estimate, down from 2.3% in the “advance” estimate. The general picture of economic growth remained the same. The percent change primarily reflected a downward revision to private inventory investment and residential fixed investment. Personal consumption ...

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First Quarter GDP Grew 2.3%

Real GDP grew at a seasonally adjusted annual rate of 2.3% during the first quarter of 2018, according to the Bureau of Economic Analysis’s “advance” estimate, down from 2.9% in the fourth quarter. The growth in real GDP reflected positive contributions from personal consumption expenditures, nonresidential fixed investment, exports, private inventory investments, state and local government spending, and federal government ...

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Fourth Quarter GDP Revised from 2.5% to 2.9%

Real GDP grew at a seasonally adjusted annual rate of 2.9% during the fourth quarter of 2017, according to the Bureau of Economic Analysis’s third estimate, up from 2.5% in the second estimate. The general picture of economic growth remained the same. The percent change primarily reflected an upward revision to private inventory investment and personal consumption expenditures. The fourth ...

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Fourth Quarter GDP Revised from 2.6% to 2.5%

Real GDP grew at a seasonally adjusted annual rate of 2.5% during the fourth quarter of 2017, according to the Bureau of Economic Analysis’s second estimate, down from 2.6% in the “advance” estimate. The general picture of economic growth remained the same. The percent change primarily reflected a downward revision to private inventory investment and non-residential fixed investment. Personal consumption ...

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Quarles Anticipates Gradual Rate Hikes Will Continue

Touting the strength of the U.S. economy, which he noted was “in the best shape that it has been since the crisis,” Federal Reserve Vice Chairman for Supervision Randal Quarles today signaled that the Fed will continue gradually increasing the target federal funds rate in the months ahead.

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Fourth Quarter GDP Grew 2.6%

Real GDP grew at a seasonally adjusted annual rate of 2.6% during the fourth quarter of 2017, according to the Bureau of Economic Analysis’s “advance” estimate, down from 3.2% in the third quarter. The growth in real GDP reflected positive contributions from personal consumption expenditures, nonresidential fixed investment, exports, residential fixed investment, state and local government spending, and federal government ...

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Third Quarter GDP Downwardly Revised from 3.3% to 3.1%

Real GDP grew at a seasonally adjusted annual rate of 3.1% during the third quarter of 2017, according to the Bureau of Economic Analysis’s third estimate, up from 3.0% in the second estimate. The general picture of economic growth remained the same. This was the second consecutive quarter of 3.1% growth. The downward revision reflected less personal consumption expenditures than ...

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Third Quarter GDP Revised from 3.0% to 3.3%

Real GDP grew at a seasonally adjusted annual rate of 3.3% during the third quarter of 2017, according to the Bureau of Economic Analysis’s second estimate, up from 3.0% in the “advance” estimate. The general picture of economic growth remained the same. This was the strongest quarterly reading in three years. The upward revision reflected more business investment in equipment ...

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