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  • OTTAWA, July 29- Canadian economic growth fell in May in its biggest monthly decline since March 2009 as wildfires in northern Alberta caused a sharp drop in oil extraction, data from Statistics Canada showed on Friday. Monthly gross domestic product fell 0.6 percent in May, topping economists' expectations for a decline of 0.4 percent. The wildfires that...

  • Here's what's prompting 'tepid' growth: Economist

    Diana Swonk, DS Economics CEO, talks about the weak GDP number and why the Fed is unlikely to raise rates anytime soon. We've fallen short on profit share, says Swonk.

  • US DOLLAR WEAKENS AGAINST THE EURO TO $1.1132, HIGHEST SINCE JULY 15, AFTER US GDP RISES 1.2 PCT.

  • *Second-quarter GDP rises at a 1.2 percent rate. WASHINGTON, July 29- The U.S. economy grew far less than expected in the second quarter as inventories fell for the first time since 2011, but a surge in consumer spending pointed to underlying strength. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent...

  • Q2 GDP up 1/2 percent (annual rate)

    CNBC's Rick Santelli provides the latest read on the U.S. economy. And CNBC's Steve Liesman adds insight.

  • WASHINGTON, July 29- U.S. government statisticians have found evidence that efforts to adjust the country's measure of economic growth for seasonal fluctuations have not been fully successful. The Bureau of Economic Analysis, the government agency that constructs gross domestic product data, said this week that a component-by-component investigation...

  • US DOLLAR INDEX FALLS TO 96.106 AFTER GDP DATA.

  • Capex is economy's 'missing link': Pro

    We're in a profit recession; we're in a capital spending recession, says David Rosenberg, Gluskin Sheff, sharing his thoughts on current economic data and what it indicates about the health of the U.S. economy.

  • WASHINGTON— A surprisingly lackluster economy last quarter served as a reminder of how choppy the pace of growth has been since the Great Recession ended seven years ago. The Commerce Department's report Friday showed that gross domestic product— the broadest gauge of the economy— grew just 1.2 percent in the April-June quarter. "The GDP data have...

  • NYSE New York Stock Exchange traders markets

    Second-quarter GDP Friday may shed light on whether the U.S. economy bounced back from a first-quarter slump or is stuck in a rut.

  • Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta

    It looks like the second quarter is going to be just another period of slow growth in the U.S.

  • Markets vs. The Fed

    Jim Bianco, president of Bianco Research, and CNBC's Rick Santelli discuss the probability of a Fed hike this year.

  • NEW YORK, July 28- The U.S. economy likely expanded at a 1.8 percent annualized rate in the second quarter following a report on June's advance goods trade balance, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday. The Atlanta Fed's outlook on second-quarter GDP had held above 2 percent since its initial reading of 1.8 percent on April 28.

  • The Census Bureau's new advanced economic indicators report showed the advance goods deficit rising 3.7 percent to $63.3 billion last month as imports outpaced export growth. "The inventory correction looks severe in the second quarter, likely subtracting over a full percentage point from GDP growth," said Daniel Silver, an economist at JPMorgan in New York.

  • MOSCOW, July 28- Forecasters have become gloomier on Russian economic growth and inflation prospects this year, a Reuters poll showed on Thursday, underscoring how a renewed slide in the oil price is hampering economic recovery. Russia's economy has been gradually improving since last year, when the economy slumped by 3.7 percent and inflation spiked into...

  • *But forecasts worsen for Oman and Bahrain. DUBAI, July 28- Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Median forecasts for gross domestic product growth this year have been cut for four of the six GCC...

  • FOMC Meeting

    The new point in the FOMC statement about diminished near-term risks suggests the Fed could hike in September, says MUFG Union Bank's Chris Rupkey.

  • LONDON, July 27- Sterling edged down against the dollar and euro on Wednesday, refusing to be lifted by second-quarter UK growth data that was stronger than had been expected, though backward-looking. Sterling hit the day's low of $1.3072 after the retail numbers, though it had recovered to trade just slightly lower on the day at $1.3122 by 1445 GMT, leaving it more...

  • LONDON, July 27- Sterling slipped against the dollar and euro on Wednesday despite second-quarter UK growth data that was stronger but too backward-looking to have much impact on the currency. Helped by the biggest upturn in industrial output since 1999, Britain's economy grew by 0.6 percent, up from 0.4 percent in the first three months of 2016, during a...

  • The U.K. economy grew by 0.6 percent in the second-quarter of the year, quarter-on-quarter, according to the first official estimate out since the country's Brexit vote stunned global markets.