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https://www.frbatlanta.org/cqer/research/gdpnow

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President Donald Trump said that the U.S. will withdraw from the 2015 agreement with Iran that placed curbs on its nuclear program and reinstitute financial and economic sanctions on the Islamic Republic.

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The U.S. factory sector grew in April at the slowest rate in nine months while prices for manufacturing materials increased at the sharpest pace in seven years driven by supply shortages and worries over the impact of U.S. trade policy.

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U.S. stocks fell sharply led by declines in technology shares as China instituted tariffs in response to American impositions and trade rhetoric from the White House.

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Orders for long lasting consumer products reversed their January decline and business purchases ended two negative months as U.S. factories regained the momentum of the last year's economic growth.

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Equities, the dollar and Treasury yields rose on Wednesday one day before the Federal Reserve's rate decision at the conclusion of its first meeting under new Chairman Jerome Powell

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American consumers stayed away from the stores for the third month in a row suggesting that first quarter retail spending will be considerably weaker than last years exceptionally strong close.

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U.S. consumer inflation was essentially unchanged in February with the monthly core and overall figures falling while the annual numbers were stable or slightly higher.

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American firms created the most new jobs in nineteen months as workers returned to the labor force in the greatest number in more than seven years while wage increases cooled from last month's post-recession high.

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American firms added many more employees in February than anticipated indicating the strong labor market performance continues to underpin the economy.

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