"If The Fool persists in his Folly he will become wise." - William Blake
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U.S. Economy Finishes the Year Strong
The U.S. economy continued its expansion in the fourth quarter, fueled in part by strong consumption and rising wage growth. Inflation remained at or around the Federal Reserve’s 2 percent target. Volatility in financial markets persisted, but its effects on the near-term outlook remain murky. Preliminary estimates suggest that output growth remains healthy but has slowed in the fourth quarter, following strong growth in the previous two quarters. Forecasts from the Survey of Professional Forecasters and the Atlanta and New York Federal Reserve Banks show fourth-quarter gross domestic product (GDP) growth of around ... (full story)