While you were sleeping US GDP growth downgraded

Wed, 26 Jun 2013

By Margreet Dietz June 27 (BusinessDesk) - Equities on Wall Street and in Europe gained as investors found value, while a downgraded pace of economic growth for the US helped ease concern that the Federal Reserve is about to take its foot of the monetary stimulus pedal. America's gross domestic product grew at a 1.8 percent annual rate in the first three months of the year, according to the Commerce Department. It was previously reported to have grown at a 2.4 percent pace, following an increase of 0.4 percent in the final quarter of 2012. I...

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