FireWeatherMet
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U.S. 3Q GDP Revised Up to 5% !!
U.S. 3Q GDP Revised Up to 5% | Fox Business
The U.S. economy grew at its quickest pace in 11 years in the third quarter, the strongest sign yet that growth has decisively shifted into higher gear.
The Commerce Department on Tuesday revised up its estimate of gross domestic product growth to a 5.0 percent annual pace, citing stronger consumer and business spending than it had previously assumed...Big revisions are not unusual as the government does not have full information when it makes its initial estimates.
The economy expanded at a 4.6 percent rate in the second quarter, meaning it has now experienced the two strongest back-to-back quarters of growth since 2003.
So 4.6% Growth in 2Q 2014 followed by 5.0% Growth 3Q 2014.
Basically economy has now shifted into high gear, but maybe now we'll have to keep a closer eye n the Fed and rising interest rates.
Can't keep growing at 4 to 5% every quarter and not expect slight inflation to start kicking in.
U.S. 3Q GDP Revised Up to 5% | Fox Business
The U.S. economy grew at its quickest pace in 11 years in the third quarter, the strongest sign yet that growth has decisively shifted into higher gear.
The Commerce Department on Tuesday revised up its estimate of gross domestic product growth to a 5.0 percent annual pace, citing stronger consumer and business spending than it had previously assumed...Big revisions are not unusual as the government does not have full information when it makes its initial estimates.
The economy expanded at a 4.6 percent rate in the second quarter, meaning it has now experienced the two strongest back-to-back quarters of growth since 2003.
So 4.6% Growth in 2Q 2014 followed by 5.0% Growth 3Q 2014.
Basically economy has now shifted into high gear, but maybe now we'll have to keep a closer eye n the Fed and rising interest rates.
Can't keep growing at 4 to 5% every quarter and not expect slight inflation to start kicking in.
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