http://www.cnbc.com/id/22912296
0.6% in the fourth quarter, analysts were expecting 1.2 %.
The lackluster fourth quarter performance followed a booming third quarter when GDP surged at a 4.9 percent rate and is likely to fuel fears the economy is at risk of tumbling into recession in 2008.
Feds will be meeting for rate cut today, market is expecting 50bps, anything less than that is not enough.
Seems tomorrow markets will go down again..
0.6% in the fourth quarter, analysts were expecting 1.2 %.
The lackluster fourth quarter performance followed a booming third quarter when GDP surged at a 4.9 percent rate and is likely to fuel fears the economy is at risk of tumbling into recession in 2008.
Feds will be meeting for rate cut today, market is expecting 50bps, anything less than that is not enough.
Seems tomorrow markets will go down again..