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Capital Economics

US economy grew at tepid 1.1 percent pace in spring

The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Yet most analysts forecast much faster growth in the summer and fall, fueled by healthy consumer spending. Friday’s estimate is slightly below the Commerce Department’s previous figure

The oil price rally could be ‘sowing seeds of its own destruction’

Oil’s had a relatively good year. The commodity’s seen a nice rally in light of a weaker US dollar, stronger economic data from China, decreasing non-OPEC production, and a continued rise in demand. In fact, since their February lows, both WTI and Brent crude have rallied by about 60%, and are now trading around $44 per barrel. Although this may seem