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U.S. economic growth for the third quarter is likely to be revised higher after data on Tuesday showed stronger consumer spending than initially estimated, according to JPMorgan.To get more news about us gdp growth by quarter, you can visit shine news official website.

It said the Commerce Department’s quarterly services survey, or QSS, on Tuesday implied spending on legal services increased at a faster pace than the government had assumed in its advance estimate of gross domestic product published last month.

“Data from this survey signaled stronger consumption growth during the quarter than what was first reported by the BEA (Bureau of Economic Analysis),” said JPMorgan economist Daniel Silver. “We now look for third-quarter real consumption growth to be revised up to a 3.2% annualized rate.”

The government estimated last month that consumer spending, which accounts for more than two-thirds of the economy, increased at a 2.9% rate in the third quarter. Before the QSS data, economists were already expecting that GDP growth for the July-September quarter would be bumped up to a 2.0% pace from a 1.9% rate following solid gains in manufacturing inventories and construction spending in September.

Based on the QSS data, JPMorgan estimated another three-tenths of a percentage point would be added to the third-quarter GDP estimate. That means third-quarter GDP could be raised to a 2.3% rate when the government publishes its first revision next week. That would be a pick-up in GDP growth from the 2.0% pace logged in the second quarter.

“The QSS data will impact many different categories of services consumption, and we think that an upward revision to the BEA data on legal services consumption could be particularly noticeable,” said Silver. “Away from consumption, the QSS data had only marginal effects on our tracking of third-quarter investment in intellectual property products.”

Consumer spending is supporting the economy as a 16-month trade war between the United States and China undermines business investment and manufacturing.
2017 taught us that you can’t trust your government entities, ISPs, or any other parties to protect your privacy by default. Confounding congressional acts, flawed FCC decision-making, corporate corruption, and rising cyber crime made that all too clear. Instead, you must take matters into your own hands. With that in mind, here are five privacy resolutions you should commit to for 2018, even if your other resolutions fall by the wayside.

1. Always update your software as soon as possible.
Apps and operating systems are constantly improving. That’s a positive, but unfortunately some improvements are necessitated by bugs and vulnerabilities. These deficiencies can render your devices unsafe to use until a software update is performed. While you don’t always have the bandwidth to dedicate to automatic updates, you should make an effort to update your software as early as conveniently possible. Using a device with known security risks is pure, avoidable recklessness.

2. Delete your data regularly.
You should try to store your most personal information offline, but understandably, that isn’t always realistic. To keep your sensitive data safe, make sure you regularly delete it when it’s no longer of use to you. This includes everything from texts messages and emails, to photos and videos; it also includes unused apps. Apps are highly sensitive because they have potential to share your information with other apps and third parties. For some files it may be necessary to delete twice. Photos, for example, are often temporarily still stored on your phone even after you delete them. To permanently erase, you must manually delete them a second time.

3. Use two-factor authentication (2FA) for all your accounts.
You should know by now that a strong password is a must for all of your online accounts. But no matter how long or complex your string of characters are, you can still do more to secure your logins. Two-factor authentication requires you to present two separate validation components before granting access to your account. With some services, such as Instagram, two-factor authentication is optional; you should consider it a privacy requirement. To extend two-factor authentication to all of your accounts, consider a password manager.

4. Actually read privacy policies.
You’ve probably signed up for an account or downloaded software and been asked to confirm that you’ve read and agreed to a policy. Even more, you probably checked to confirm you read that policy without hesitation. But did you actually read it? Likely not. Ditch that good-for-nothing that habit in 2017, and don’t look back. At the bare minimum, you should scan privacy policies and TOS agreements to see what data you’re consenting to share, and who it will be shared with. Many companies sell your data to third parties – and you’ve probably agreed to it blindly. If you take a closer look at privacy policies, you’ll know what data-sharing you’re agreeing to, and you may think twice about it.

5. Connect to a VPN daily
One privacy policy that may not be too revealing? Your broadband provider’s. In 2017, Congress agreed to let ISPs sell customer data without consent. Thankfully, you can combat this obscene invasion of privacy with encrypted VPN connections. VPN hides your web traffic, severely limiting the amount of data your ISP can collect and share. And it’s not just useful at home. VPN service also hides your online activity from snoopers and cybercriminals on public networks, so you can maintain your digital privacy wherever you are.
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