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politics (3)

Q2 GDP Revised to 3.1%, up 0.1%

The Department of Commerce revised second-quarter GDP growth by 0.1%, from 3.0% to 3.1%. The next-highest GDP growth rate hasn't occurred since Q3 2016 when the US posted a growth rate of 2.8%. 

GDP growth has been a major topic of discussion in both business and politics. Many believe that there's no reason that the US can't continue to post 3% or higher growth rates in the next few years. Others, however, believe that the days of significant GDP growth are over. 

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In a press conference on Tuesday, Fed Chair Janet Yellen said: "My colleagues and I may have misjudged the strength of the labor market, the degree to which longer-run inflation expectations are consistent with our inflation objective, or even the fundamental forces driving inflation." 

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ho hum

For those of you who now live elsewhere and for those of you who find that political chatter interferes with your enjoyment of your background noise: yesterday (August 12th) was primary night in Connecticut. 

Tom Foley took 56 percent of the vote against state senator John McKinney.

And so it appears we will have a reprise of the 2010 battle for governor: Tom Foley against the…

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