Third Look at GDP Growth in the Fourth Quarter – A Little Better, Hail Consumers

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The third estimate of real GDP growth in the fourth quarter of 2016, from the Bureau of Economic Analysis (BEA), shows slightly faster economic growth, a 2.1% annual rate, up from 1.9% in the earlier estimate(s). Personal consumption expenditures (PCE) gets all the credit; fixed investment, trade and government spending all declined. PCE rose at a 3.5% rate, up from… Read More ›

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