Global Turmoil Spurs Decline In Commodities
NPR
Thursday, August 27, 2015
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The large copper mining operation covers several hillside digs at the Phelps Dodge copper mining facility Thursday, Aug. 23, 2007 in Morenci, Ariz. (Ross D. Franklin/AP)
There are signs today that the U.S economy is weathering uncertainty across the globe. The U.S. Commerce Department says gross domestic product grew at a 3.7 percent rate in the second quarter, which is an upward revision from the 2.3 percent growth rate that had been reported last month.
But recent turmoil in global markets has also brought attention to the commodities market. Key commodities like oil and copper continue to slide, and could have big implications on domestic and world markets. NPR senior business editor Marilyn Geewax joins Here & Now host Jeremy Hobson with details.
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