Sun, Jul 31, 2005 - Page 11 News List

Analysts hail US economy despite slowing GDP growth

INDICATORS Official figures for the second quarter show GDP growth slowed to 3.4 percent, while consumer spending, the motor of the US economy, was up 3.3 percent

AFP , WASHINGTON

"And the [Fed] members can point to this report and say the economy is in good shape and does not need much stimulus, if any. Thus, as long as growth keeps up, look for more Fed rate hikes," he said.

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