Summary
THE US economy grew at an annualised pace of 4.2% in the first quarter - significantly less than the 5% figure predicted by Wall Street, but comfortably faster than its trend rate.
A jump in inflation was evident in these seasonally-adjusted gross domestic product numbers published yesterday by the US Commerce Department.See the full content of this document
Extract
Dollar Falls As Growth Fails to Meet Forecasts
However, currency markets appeared to pay more heed to the weaker- than-expected headline growth number than to the leap in the annualised core consum...
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