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Economy Offers Little Cheer Ahead of Holidays

MarketWatch (11/17/13) Jeffry Bartash

The U.S. economy is plodding along, and economic forecasts don’t give much reason for optimism. “It looks like we are going to see a softer fourth quarter,” says Sam Bullard, an economist at Wells Fargo. “Underlying domestic demand is running in place, confidence is still depressed historically speaking, and the unemployment [rate] remains above 7%. That’s producing a cautious consumer.”