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0.00126196235145656 0.00168261646860865 0.000867599116626312 0.00457461352402989 0.00541592175833422 -0.000315490587864141 -0.00189294352718484 -0.00210327058576089
Stock impact report

U.S. economy grew 2.8% last quarter, powered by consumer spending [CBS News]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: CBS News
Forecasters expected the country's gross domestic product — the total value of goods and services produced in the U.S. — to come in at 2.6% in the three-month period ended in September, according to a survey of economists by the data firm FactSet. The latest GDP figure is down slightly from the second quarter's growth of 3%. The American economy, the world's biggest, has shown surprising resilience in the face of sharply higher borrowing rates as the Federal Reserve tightened monetary policy in a bid to tame inflation. Despite widespread predictions that the economy would succumb to a recession, however, it has kept growing, with hiring and consumer spending holding steady. Wednesday's GDP report marks one of the last major economic readings before the November 5 election, with the monthly jobs report due on Friday. Employers are expected to have hired 120,000 workers in October, a slower pace than September's 254,000 new jobs, according to FactSet. However, recent hurricanes and Show less Read more
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