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Better GDP Report Doesn't Mean Economy Is In Good Shape

Wednesday, July 31, 2013

The economy grew at an annual rate of 1.7 percent in the second quarter. That's better than most analysts expected, but far below the historical average. Federal Reserve policymakers meeting in Washington decided to leave interest rates alone and kept plans to begin phasing out a stimulus program later this year if the economy holds up well.

Source: NPR

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