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To: GoodGord who wrote (97104)9/28/2017 4:01:41 PM
From: GROUND ZERO™  Respond to of 218460
 
Yippee!!! Here comes another GEUF!!! Yeah!!!

GZ



To: GoodGord who wrote (97104)9/29/2017 5:51:41 AM
From: GROUND ZERO™1 Recommendation

Recommended By
Investor Clouseau

  Respond to of 218460
 
Final reading on Q2 GDP up 3.1%, vs 3% rise expected

U.S. economic output grew 3.1 percent in the second quarter.

The growth rate was expected to remain at 3 percent according to a survey of economists from The Wall Street Journal.

The economy at its core remains stable, as steady job growth and a booming stock market encourage households to spend.

The U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years, but the momentum probably slowed in the third quarter as Hurricanes Harvey and Irma temporarily curbed activity.

Gross domestic product increased at a 3.1 percent annual rate in the April-June period, the Commerce Department said in its third estimate on Thursday. The upward revision from the 3.0 percent rate of growth reported last month reflected a slightly faster pace of inventory investment.

Growth last quarter was the quickest since the first quarter of 2015 and followed a 1.2 percent pace in the January-March period. Economists had expected that the second-quarter GDP growth rate would be unrevised at 3.0 percent.

Harvey, which struck Texas, has been blamed for much of the decline in retail sales, industrial production, homebuilding and home sales in August. Further weakness is anticipated in September after Irma slammed into Florida early this month.

cnbc.com

GZ