The U.S. economy grew at an annualized 2.0% rate in the third-quarter, the Bureau of Economic Analysis reports in its initial GDP estimate for the July-to-September period. That’s an improvement over Q2’s sluggish 1.3% pace, and another sign that recession risk in recent months was considerably lower than the dire warnings issued by some analysts.
Daily Archives: October 26, 2012
Chicago Fed: September Economic Improves
Yesterday’s update of the Chicago Fed National Activity Index (CFNAI) strengthened the case for what’s become obvious in recent weeks: economic conditions overall improved modestly in September. Last week’s review of the numbers published to date certainly looked encouraging, as tracked by The Capital Spectator Economic Trend Index (CS-ETI). Not surprisingly, the September read on the economy via CFNAI tells a similar story.