Off-Topic: economy--again & again !!!
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Name:
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lucky67
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Subject:
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economy--again & again !!!
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Date:
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4/14/2015 5:06:13 PM
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If this is it, please let me know. If this ain't love, you gotta let me go. - Huey Lewis & The News
The U.S. economy hit the brakes at the start of 2015 by almost every measure. On Tuesday, the Commerce Departerment reported retail sales rose 0.9% in March, the first gain in fourth months but less than the consenus estimate for a gain of 1.1%. Retail sales excluding autos were also weaker-than-expected.
In the face of all the dismal data, estimates for first-quarter GDP growth have fallen precipitously: the Atlanta Fed's GDPNow model is now forecasting zero growth in Q1, down from 2.3% in mid-February.
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