U.S. Q3 GDP increases 3.7% vs. 4.3% expected

The U.S. economy grew at a less-than-expected 3.7 percent annual rate in the third quarter after growing 3.3 percent in the second quarter, the Commerce Department estimated Friday. Economists were expecting gross domestic product to grow 4.3 percent. Consumer spending increased at a 4.6 percent rate while business investment grew at a 11.7 percent rate. The core inflation rate increased 0.7 percent annualized, the lowest in 42 years. Real disposable personal incomes increased 1.4 percent, and the personal savings rate fell to 0.4 percent, its lowest level since the Depression…{{link http://cbs.marketwatch.com/news/newsfinder/default.asp?scid=0&siteid=mktw MORE}}

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