US economic growth is still expected to decelerate in this year’s fourth quarter relative to Q3, although today’s revised nowcast reflects a stronger outlook for GDP in the final three months of 2014 vs. last month’s projection.  Q4’s advance is now on track for a 3.0% advance (real seasonally adjusted rate), based on The Capital Spectator’s current median point forecast for several econometric estimates. The latest outlook represents a solid improvement over the 2.1% rise in the initial nowcast for Q4.
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● UK inflation will likely to fall below 1%, central banker says | MNI
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