"Economy expands vigorously: inflation fears ease" According to a Commerce Department report released on Friday, October 28, 2005:  Economic activity expanded at an energetic 3.8 percent annual rate in the third quarter, providing vivid evidence of the economy's stamina even as it coped with the destructive forces of hurricanes Katrina and Rita. The latest snapshot of the country's economic performance, released by the Commerce Department on Friday, marked an improvement from the solid 3.3 percent pace of growth registered in the second quarter. ...The expansion in gross domestic product in the July—to—September quarter, the strongest since the beginning of the year, exceeded many analysts' expectations. Before the report was released, they were forecasting the economy to clock in at a 3.6 percent annual rate. Meanwhile, some good news on the inflation front An inflation gauge tied to the GDP report showed overall inflation picking up in the third quarter. But...(Read Full Post)