U.S. GDP Growth Surprise Propels Stocks To New Record
Real gross domestic product (GDP) increased at an annual rate of 3% in the third quarter of 2017, according to the "advance" estimate released by the Bureau of Economic Analysis. A second estimate for GDP in the third quarter will be released on November 29, and the 3% figure could be revised. But 3% is much higher than the 2.7% consensus forecast of 59 economists surveyed in early October in The Wall Street Journal.
- Global Growth Forecast Slows, But U.S. Outlook Remains Stable
- How Long Does It Take To Be A Long-Term Investor?
- Five Observations About The CBO's New Long-Term Debt Forecast
- Fed Apology, Strong Job Growth Bolster Stocks
- Despite Grim Headlines, Economic Growth Is Intact
- Despite December Turbulence, Economy And Business Optimism Were Strong
- Latest Forecasts Show Economy Is Doing Okay
- A Poignant Moment In Financial History Sparks Stocks