While you were sleeping US economy's positive signals

Wed, 24 Oct 2012

By Margreet Dietz Oct 25 (BusinessDesk) - American real estate showed further evidence of a sustained recovery, and the Fed says the US economy is expanding at a moderate pace, helping offset concern about the impact of slowing global growth on US corporate earnings. New home sales rose 5.7 percent to a seasonally adjusted 389,000-unit annual rate in September, according to Commerce Department data. That's the best pace since April 2010 and surpassed the 385,000 pace predicted in a Bloomberg News survey of economists. "Housing is now a posit...

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