Breaking News-RTRS-US advance Q3'08 GDP reading comes in at -0.3%

The US advance Q3'08 GDP reading comes in at -0.3% vs the +2.8% increase
seen in the Q2, slightly above market expectations for -0.5%. GDP deflator
comes in at +4.1% vs. 1.3% for Q2. Consumer spending dropped to -3.1% vs. +1.2%
for Q2 and durables dropped to-14.1% vs. -2.8% for Q2.Q3 GDP decline is the
largest since Q3'00(-1.4%). Core PCE rises to +2.9 vs. 2.2%, above expected.
PCE Price index rise of 5.4% for Q3 is the largest since Q1 1990 (+6.0%). Q3
disposable income drops to -8.7%, the biggest decline since quarterly record
started in 1947.