J.P. Morgan cuts U.S. Q1 GDP growth view to 1.5 pct [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
J.P. Morgan cuts U.S. Q1 GDP growth view to 1.5 pct | Reuters 1 Min Read NEW YORK, Feb 21 (Reuters) - J.P. Morgan on Thursday lowered its tracking estimate on U.S. economic growth in the first quarter as durable goods orders rose less than forecast in December with core capital orders posting a surprise drop. U.S. gross domestic product likely grew at a 1.50 percent annualized pace in the first three months of the year based on the latest durable goods data, slower than an earlier calculated rate of 1.75 percent, J.P. Morgan economist Michael Feroli wrote in a research note. (Reporting by Richard Leong Editing by Chizu Nomiyama) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. J.P. Morgan cuts U.S. Q1 GDP growth view to 1.5 pct NEW YORK, Feb 21 (Reuters) - J.P. Morgan on Thursday lowered its tracking estimate on U.S. economic growth in the first quarter as durable goods orders rose less tha
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