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U.S. Economy / Markets

Estimate: Economy will grow by 1.5 percent in 2014
The Congressional Budget Office said Wednesday that they expect the U.S. economy will grow by just 1.5 percent in 2014, in part because of a poor performance during the first three months of the year.
CBS News – 8/27/2014

Manufacturing Continues Rebound from Winter Woes
http://www.aem.org/MarketInfo/MarketIntel/Reports/MondayEconomicReport/
National Association of Manufacturers – 7/23/2014

Federal Reserve plans to end stimulus in October
The Federal Reserve will end its stimulus program in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed.
BBC News – 7/9/2014

U.S. second-quarter growth forecasts cut on tepid consumer spending
U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.
Reuters – 6/26/2014

U.S. Economy Shrank in First Quarter by Most in Five Years
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
Bloomberg – 6/25/2014

Markit Manufacturing Index in U.S. Increases to 57.5 From 56.4
The Markit Economics preliminary index of U.S. manufacturing increased to 57.5 in June, the highest since May 2010, from 56.4 a month earlier, the London-based group said today.
Bloomberg – 6/23/2014

US central bank cuts growth forecast for 2014
The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.
BBC News – 6/18/2014

At Year's Midpoint, Manufacturers Expect Better Second Half
Despite a very weak start to 2014, there is an expectation among manufacturers that the second half of the year will be better than the first. Indeed, average manufacturing sales forecasts are the highest in two years.
National Association of Manufacturers – 6/16/2014

Economy has recovered 8.7 million jobs lost in Great Recession
The nation's employers created a solid number of jobs last month that pushed the economy to a milestone: It finally recovered all 8.7 million jobs lost during the Great Recession.
Los Angeles Times – 6/7/2014

US jobs show strong growth in May
Employers in the United States added 217,000 jobs in May, slightly below what analysts had been expecting.
BBC News – 6/6/2014