(Reuters) - First-quarter gross domestic product expanded at an annual rate of 0.7 percent, the smallest gain since the fourth quarter of 2002, the Commerce Department said. That marked an upward revision the department's prior 0.6 percent estimate.
At the same time, a key gauge of nonfood, nonenergy inflation monitored closely by the Federal Reserve rose at a 2.4 percent pace, not the more-subdued 2.2 percent rate that had been thought earlier.
Read more at Reuters.com Economic News
At the same time, a key gauge of nonfood, nonenergy inflation monitored closely by the Federal Reserve rose at a 2.4 percent pace, not the more-subdued 2.2 percent rate that had been thought earlier.
Read more at Reuters.com Economic News
No comments:
Post a Comment