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The Bureau of Economic Analysis reported on Friday that Gross Domestic Product (GDP) grew by 1.2% in the second quarter of 2016, below the 2.6% expected. The weak reading was due in part to a big fall in inventories. In addition, the first quarter final reading was revised lower to 0.8% from 1.1%...
Americans filing for first-time unemployment benefits remained near 43-year lows, though claims did rise in the latest week. Weekly Initial Jobless Claims rose 16,000 to 266,000, above the 260,000 expected. Claims have now remained below 300,000, a threshold associated with a healthy labor market...
As the calendar swings into the heart of the summer, the big questions to be answered this week from the economic data will be whether or not the consumer is spending and if inflation is in check or starting to percolate. The Retail Sales report will give investors some clues as the whether or th...