While you were sleeping: US rate lift bets

Thu, 29 Oct 2015

By Margreet Dietz Oct. 30 (BusinessDesk) - Wall Street and US Treasuries fell after a report on US economic growth showed the Federal Reserve might have enough reason to lift interest rates at its December gathering. A Commerce Department report showed US gross domestic product expanded at a 1.5 percent annual rate in the third quarter, down from a 3.9 percent pace in the second quarter. To be sure, companies clearing inventory weighed on the most recent quarter, during which demand from consumers and businesses was solid. The data ca...

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