The economy in the U.S. grew at a slower pace in the fourth quarter than previously estimated, giving the expansion less momentum heading into 2014.
Gross domestic product grew at a 2.4 percent annualized rate from October through December, compared with the 3.2 percent gain issued last month, revised figures from the Commerce Department showed today in Washington. The median forecast of economists surveyed for a 2.5 percent increase.
THIS MIGHT MAKE THE FEDS RETHINK ON THE SPEED OF TAPERING IN THEIR APRIL MEETING AND NOTHING WILL HAPPEN IN MARCH.THIS IS WITH THE CAVEAT THAT THE FIGURES COMING OUT IN MARCH DOES MATCH THE VIEW.
Gross domestic product grew at a 2.4 percent annualized rate from October through December, compared with the 3.2 percent gain issued last month, revised figures from the Commerce Department showed today in Washington. The median forecast of economists surveyed for a 2.5 percent increase.
THIS MIGHT MAKE THE FEDS RETHINK ON THE SPEED OF TAPERING IN THEIR APRIL MEETING AND NOTHING WILL HAPPEN IN MARCH.THIS IS WITH THE CAVEAT THAT THE FIGURES COMING OUT IN MARCH DOES MATCH THE VIEW.