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US Economy Expands at Faster Pace than Expected in Fourth Quarter
Transport Topics ^ | 02/26/2016

Posted on 02/26/2016 6:40:57 AM PST by SeekAndFind

The U.S. economy unexpectedly expanded at a faster pace in the fourth quarter than initially estimated, reflecting a higher value of business inventories.

Gross domestic product, the value of all goods and services produced, grew at a 1% annualized rate, compared with an initial estimate of 0.7%, Commerce Department figures showed Feb. 26. The median forecast in a Bloomberg News survey called for a 0.4% gain.

Consumer spending was revised lower. Although the economy slowed in the fourth quarter from 2% in the previous three months, growth is projected to re-accelerate this year as consumers tap into the benefits of a strengthening job market and savings on gasoline to boost spending. With companies making less headway in adjusting stockpiles, one risk for the economy is further weakness in manufacturing and business investment.

(Excerpt) Read more at ttnews.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: gdp
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1 posted on 02/26/2016 6:40:57 AM PST by SeekAndFind
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To: SeekAndFind

Until next week when they quietly readjust the numbers.


2 posted on 02/26/2016 6:42:57 AM PST by E. Pluribus Unum ("The goal of socialism is communism... Hatred is the basis of communism" --Vladimir Lenin)
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To: SeekAndFind

Woohoo. Great headline for Obama! Faster paced growth! Wow...we hit 1%. Amazing results. Never seen before!


3 posted on 02/26/2016 6:42:58 AM PST by ilgipper
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To: SeekAndFind
1%

WHOA WHOOOOOOOOO

4 posted on 02/26/2016 6:43:05 AM PST by 11th Commandment ("THOSE WHO TIRE LOSE")
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To: SeekAndFind

Cheap gasoline.


5 posted on 02/26/2016 6:43:05 AM PST by refermech
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To: SeekAndFind

A talking head on bloomberg tv said that this was actually bad news because of how they calculated something with inventory. I guess the adjusted number should have been the same or lower, not higher.


6 posted on 02/26/2016 6:43:36 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: SeekAndFind

So, we’re now cheering 1% growth?


7 posted on 02/26/2016 6:43:41 AM PST by fwdude
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To: fwdude

Yellen needs to raise interest rates, right now!


8 posted on 02/26/2016 6:44:57 AM PST by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
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To: SeekAndFind

I guess this explains why we’re all rich.


9 posted on 02/26/2016 6:45:01 AM PST by ClearCase_guy (100% against Cruz.)
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To: fwdude

RE: So, we’re now cheering 1% growth?

If you’re hungry, even a little morsel should be cause for cheer.


10 posted on 02/26/2016 6:45:52 AM PST by SeekAndFind
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To: refermech

The cheaper gas will make it more affordable for the thousands of people in Western North Dakota who just lost their jobs to travel to someplace else to look for work.


11 posted on 02/26/2016 6:48:34 AM PST by shelterguy
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To: SeekAndFind

Transport Topics?
Our business is bulk Ag. The bottom fell out last quarter. Still slow Q1 2016


12 posted on 02/26/2016 6:51:22 AM PST by griswold3 (Just another unlicensed nonconformist in am dangerous Liberal world.)
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To: E. Pluribus Unum
>>The U.S. economy unexpectedly expanded at a faster pace in the fourth quarter than initially estimated<<

The numbers are always skewed to give the appearance all is well.

Bet’cha when broken down, a large percentage was healthcare spending.

13 posted on 02/26/2016 6:51:30 AM PST by servantboy777
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To: SeekAndFind

Cheaper gas allows more spending for ‘bama care......


14 posted on 02/26/2016 6:51:49 AM PST by JParris
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To: shelterguy

One mans ceiling is another mans floor.


15 posted on 02/26/2016 6:53:57 AM PST by refermech
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To: SeekAndFind

1% is pathetic. This would be reported as an economic catastrophe if the incumbent president was a Republican.


16 posted on 02/26/2016 6:58:48 AM PST by Starboard
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To: fwdude

So, we’re now cheering 1% growth?

**************
Yep, lowering the bar again.


17 posted on 02/26/2016 6:59:54 AM PST by Starboard
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To: SeekAndFind

1% OMG Who needs Trump now to better the economy! Obama has US on a Roll:-)


18 posted on 02/26/2016 7:04:36 AM PST by Harpotoo
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To: E. Pluribus Unum

Gross domestic product, the value of all goods and services produced, grew at a 1% annualized rate,

While simultaneously running a BUDGET DEFICIT of at least 8% Annualized, we are doing GREAT, we only LOST 7%!!


19 posted on 02/26/2016 7:17:07 AM PST by eyeamok
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To: SeekAndFind

Hold your horses,
It soon will be lowered as have all oba mmy’s rosey numbers


20 posted on 02/26/2016 7:17:17 AM PST by Joe Boucher
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