U.S. Gross Domestic Product Jumps Less Than Expected In Q3
(RTTNews) - A report released by the Commerce Department on Wednesday showed U.S. economic growth unexpectedly slowed in the third quarter.
The Commerce Department said gross domestic product shot up by 2.8 percent in the third quarter after surging by 3.0 percent in the second quarter. Economists had expected another 3.0 percent jump.
The unexpected slowdown in the pace of GDP growth primarily reflected a downturn in private inventory investment and a larger decrease in residential fixed investment.
Meanwhile, these movements were partly offset by accelerations in exports, consumer spending and federal government spending, the Commerce Department said.
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U.S. Consumer Sentiment Improves Less Than Previously Estimated In November
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Philly Fed Index Unexpectedly Turns Negative In November
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November.
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U.S. Weekly Claims Unexpectedly Dip To 213,000
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th
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Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks - FT
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