Monday, July 9, 2007

Blue chip - US consumer spending growth to slow

(Reuters) - After a pickup in business inventories and a narrowing of
the trade deficit, the economy is expected to have grown by a
more robust 3.0 percent annual pace during the second quarter,
following an anemic 0.7 percent rate in the first three months
of the year, the consensus found.




"That would mark a sharp improvement over the lackluster
0.7 percent rate registered in Q1 and represent the fasted pace
of growth since Q1 2006," the newsletter wrote.


Read more at Reuters.com Bonds News

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