Nov. 29 (Bloomberg) -- The U.S. economy expanded at a faster- than-expected annual rate of 2.2 percent from July through September, reflecting an increase in inventories that may limit growth this quarter.
The revised figure for gross domestic product, the value of all goods and services produced, compares with a 1.6 percent estimate issued last month, the Commerce Department said today. A measure of inflation watched by Federal Reserve policy makers was revised down.
Futures are way up on the headlines and a Boeing upgrade. The dollar is getting a lift as well, although EUR/USD futures still at 1.3165.
Oil is at 61.20.
The revised figure for gross domestic product, the value of all goods and services produced, compares with a 1.6 percent estimate issued last month, the Commerce Department said today. A measure of inflation watched by Federal Reserve policy makers was revised down.
Futures are way up on the headlines and a Boeing upgrade. The dollar is getting a lift as well, although EUR/USD futures still at 1.3165.
Oil is at 61.20.
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