(Reuters) - U.S. gross domestic product did rise more-than-expected in
the second quarter at 3.4 percent, but that was accompanied by
a pullback in the core personal consumption expenditures index
to 1.4 percent from 2.4 percent.
That put it well into the Fed's comfort range, and
heightened already rife speculation that a housing-led credit
crunch could force the central bank to cut interest rates
before the year is over.
Read more at Reuters.com Bonds News
the second quarter at 3.4 percent, but that was accompanied by
a pullback in the core personal consumption expenditures index
to 1.4 percent from 2.4 percent.
That put it well into the Fed's comfort range, and
heightened already rife speculation that a housing-led credit
crunch could force the central bank to cut interest rates
before the year is over.
Read more at Reuters.com Bonds News
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