The Wall Street Journal

U.S. GDP Down 0.5 Percent in Q3; Is Inflation Tamed? 

As expected, U.S. real gross domestic product fell at a 0.5 percent annualized rate during the third quarter, unrevised from a previous estimate, according to the Commerce Dept. Tuesday morning. GDP is a measure of all products, goods and services produced in the economy, and a negative GDP reading signals economic contraction.