Monthly Archives March 2018

US economic growth in Q4 revised up to 2.9% rate Martin Crutsinger, Associated Press

Washington – The U.S. economy grew at a solid 2.9 percent annual rate in the final three months of last year, a sharp upward revision that caps three straight quarters of healthy growth. The Trump administration is hoping the economy will accelerate further this year, aided by sizable tax cuts and increased government spending. The gross domestic product, the country’s total output of goods and services, grew at a faster clip than its previous estimate of 2.5 percent, the Commerce Department reported Wednesday. The gain followed increases of 3.1 percent in the second quarter and 3.2 percent in the third
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US pending home sales rise 3.1 percent in February by Paul Wiseman, AP Economics Writer

The pace of Americans signing contracts to buy homes picked up last month, rebounding from a drop in January. But a shortage of homes on the market continues to weigh on the housing market. The National Association of Realtors said Wednesday that its pending sales index rose 3.1 percent in February to 107.5 after tumbling 5 percent in January. Despite the uptick, the index is still down 4.1 percent from a year earlier. Lawrence Yun, chief at economist at the association, blamed the uneven performance on a shortage of houses for sale. “The minuscule number of listings on the market
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