For all the progress the U.S. economy is making toward healing the damage done by the last recession, there’s something missing: Businesses just aren’t investing the way they used to.
Last week’s report on U.S. gross domestic product offered some assurance that the economy has enough momentum to allow the Federal Reserve to pull back a bit more on its stimulus efforts. Output grew at an inflation-adjusted, annualized rate of 2.9 percent in the three months through September, driven in part by a jump in exports.
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