By consumers, businesses and governments. Gross domestic product, the broadest measure of Economic Activity expanded at 3. 7 . Above expectations of 3. 2 . And that wasnt the only positive economic report. The job market also remains healthy. Claims for firsttime Unemployment Benefits fell by 6,000 last week to near historic lows and home buyer demand remains steady in july. As pending home sales, a forward looking gauge of u. S. Home sales rose half a percent. But these numbers stand in contrast to whats happening in other parts of the world. Where stock markets are falling and Global Growth may be slowing. No more is more evidence than in jackson hole, wyoming, where the federal reserves next move is very much in focus. Steve liesman is there. Reporter this grizzly bear stands at the entrance in jackson hole, a threatening reminder they may not be out of the woods when it comes to the dangers of raising interest rates. But one fed official is ready to stare down the bear. This weeks
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