Tax Bite Curbs US Growth Along With Consumer Spending – Bloomberg
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Tax Bite Curbs US Growth Along With Consumer Spending
Bloomberg Growth in the world's largest economy was less than originally estimated in the first quarter as an increase in the U.S. payroll tax took a bigger bite out of consumer spending than previously calculated. Gross domestic product grew at a 1.8 percent annualized … Sluggish growth data give Fed cause for caution on tapering First-quarter growth reading slashed in cautionary note on economy Revision shows US economy grew much slower 1.8 percent annual rate in … |
