Economic Growth Stalls

    PLANTATION, FL - APRIL 03:  Car salesman Marty Israel (R) helps Peter Tesche as he shops for a car at Rick Case Plantation Hyundai on April 3, 2012 in Plantation, Florida. Reports indicate that automakers expect to have sold more than 1.4 million vehicles in March, about 15 percent more than a year ago and the most since 2007.  (Photo by Joe Raedle/Getty Images)

    Joe Raedle / Getty Images

    U.S. economic growth slowed in the first quarter on the heels of Ben Bernanke’s announcement Thursday. The latest GDP report revealed that The GDP expanded at a 2.2 percent annual rate, according to the Commerce Department, disappointing economists’ expectations for a 2.5 percent rate. Though the economy has been growing at a snail’s pace since the second half of 2009, the report sent mixed signals: businesses cut back on investments and unemployment rates are soaring, but a surge in consumer spending softened those blow. Stocks saw their best day in 2012 Thursday, and the Fed decided not to continue efforts to spur growth for now.  

    Read it at Reuters