Surprise--GDP not 4.4 as announced actual number is 3.9, inflation higher

59millionmorons

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Fri Jun-25-04 05:26 PM
Original message

Surprise--GDP not 4.4 as announced actual number is 3.9, inflation higher

The Commerce Department surprised economists with a downward revision to first-quarter gross domestic product, cutting economic growth to a 3.9 percent annual rate from the 4.4 percent reported a month ago. Wall Street analysts had not expected the Commerce Department to change the GDP estimate.

http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=5519019

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Worst Username Ever

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Fri Jun-25-04 05:28 PM
Response to Original message

1. Big surprise from the right

That initial reports were false.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=1856278&mesg_id=1856278

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