Economy Appears to be Slowing Rapidly

Posted by Patrick O'Connor on 8/12/08 12:44 pm

The Philadelphia Federal Reserve Bank today lowered its third quarter GDP estimate from 1.7% to 1.2%.  And it cut Q4 growth down to 0.7% from 1.8%.  “A weaker near-term outlook for the labor market accompanies the outlook for slower output growth,” said the Philadelphia Fed.  Read More.

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• Comments (1)

Posted by Minnesota on 8/13/08 5:49 am

Ohhhhhh the strength of the often overlooked Middle American!

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