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Keyword: ustradedeficit

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  • US economy grows 3.9% in third quarter [Lowest Inflation Since the 1960s]

    11/30/2004 6:14:01 PM PST · by conservativecorner · 26 replies · 941+ views
    Financial Times | Nov. 30, 2004 | Andrew Balls
    Strong consumer spending and business investment and a slightly lower than previously reported trade deficit meant the US economy grew at a 3.9 per cent rate in the third quarter, the Commerce Department said. The upward revision from the 3.7 per cent advance estimate was above consensus expectations and represented a rebound from 3.3 per cent growth in the second quarter. Core personal consumption expenditures inflation, excluding food and energy, the Federal Reserve's preferred measure of inflation, was unchanged at a 0.7 per cent rate in the quarter - the lowest reading since the 1960s. The report provided further support...