28 Jul 2006 Will Inflation Recede With Slower Economy?
Posted at 16:12h
in The Friday Brief
Growth of the U.S.economy was less than half that of the first quarter, according to the Commerce Department in its first estimate of second-quarter Gross Domestic Product. GDP increased at a seasonally adjusted 2.5% annual rate April, compared to 5.6% in the first quarter and also well below economists’ estimates of 3.2%.