U.S. economy grew at just a 1.5% rate in the second quarter–the odds that the Fed will announce a new stimulus program just went up
This morning the Bureau of Economic Analysis reported that U.S.GDP grew at an annual rate of 1.5% in the second quarter of 2012. That’s down from a 2.0% growth rate in the first quarter of the year. And from 4.1% growth in the fourth quarter of 2011. But—drum roll, please—the 1.5% growth rate was better than the 1.2% expected by economists
