US economy grew 5.2% in Q3; higher interest rates sapping momentum inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
WASHINGTON: The US economy grew faster than initially thought in the third quarter as businesses built more warehouses and accumulated machinery equip.
(Reuters) -U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years, signs of cooling demand that bolstered expectations the Federal Reserve's interest rate hiking campaign was over. Those hopes were reinforced by other data on Thursday showing the labor market gradually easing. The rise in the so-called continuing claims aligns with anecdotal evidence of slowing demand for labor, though adjusting the data for seasonal fl
WRAPUP 2-US economy grows 5.2% in third quarter; higher interest rates sapping momentum devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON: The U.S. economy grew faster than initially thought in the third quarter as businesses built more warehouses and accumulated machinery equipment, but momentum appears to have since waned.