Indicators of real economic activity for the U.S. have held up surprisingly well given the lack of confidence signaled through surveys and financial markets. Real gross domestic product (GDP) grew at an annualized pace of 2.5 percent in third quarter 2011. Inflationary pressures were subdued and show signs of converging to 2 percent.
Read more...National Economic Update, November 2011 - Economic Research Publications - FRB Dallas:
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