Annualized monthly economic growth, as measured by the Federal Reserve Bank of Dallas business-cycle index, accelerated to 9.5 percent in October—the highest rate since January of this year. Energy-related activities, real estate and international trade continue to propel growth. However, regulatory uncertainty, the U.S. fiscal situation and stresses in the global economy continue to cloud the horizon.
Read more...Houston Economic Update December 2012 via FRB of Dallas
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