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The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter. That’s a little lower than many analysts expected. But the year-over-year growth is still on track. chart GDP-based recession indicator index. The plotted value for each date is based solely on the GDP numbers that were ...
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Consumer sentiment deteriorated near the end of April, according to the latest reading from the University of Michigan. The final reading of the sentiment survey dropped to 77.2 from 77.9 in early April, the University of Michigan said Friday. Sentiment had hit 79.4 in March, a 32-month high. Economists surveyed by The Wall Street Journal had forecast an ...