(Reuters) - It was the weakest quarterly expansion in gross domestic product, or GDP, since 2002. The slowdown came as businesses sold off inventories, though consumer spending remained strong.
However, the report's inflation gauge, the Personal Consumption Expenditures price index, showed price pressures were stronger than expected.
Read more at Reuters.com Economic News
However, the report's inflation gauge, the Personal Consumption Expenditures price index, showed price pressures were stronger than expected.
Read more at Reuters.com Economic News
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