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But at the same time the figures underlined the view that the pace of future growth is likely to remain well below that seen in recent years.
"The market's concerns about the pace of future growth are justified, although the fourth quarter or 2011 may be more at risk than the third quarter," Mr. Barbet said.
On Tuesday, the Reserve Bank of Australia cited the "uncertainty about the pace of future global growth," including worries about the impact of European debt troubles, in its decision to keep its benchmark cash rate unchanged at 4.5 percent.
While the Fed on May 16 agreed that the risks were biased toward higher inflation, a number of the members said they "did not want to prejudge the potential extent or pace of future policy tightening," according to the minutes.
Since the early years of the recovery from the Great Recession, economists have been divided over the outlook for the long-growth rate of the economy, which depends heavily on the pace of future innovation.
That, in turn, could trim labour productivity growth.Making assumptions about the pace of future technological advances in the semiconductor industry, and about the growth in IT as a share of GDP, Messrs Oliner and Sichel estimate that sustainable annual productivity growth over the next decade lies in a range of 2-2.8 2-2.8%
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The Federation of Small Businesses said some would struggle to "absorb more hikes in the short term", while the CBI said "what's important is the pace of any future rises".
Laurence E. Meyer, a former Fed governor who is now a senior adviser at Macroeconomic Advisers, a forecasting company, said debate within the Fed appeared to have shifted to the pace and extent of future rate increases.
If a frantic pace and plenty of future tech conforms to your tastes, then you needn't waste a second thought: Black Ops III is the shooter you need.
He is also greatly interested in the large-scale circulation of the abyssal ocean, which connects the vast deep-ocean reservoirs of heat and carbon with the atmosphere and thus plays a crucial role in setting the pace of past and future climate change.
Managing the pace of development for future Porsche designs will fall to the German-born Mr. Mauer, 41, whose career before Saab included responsibility for the first-generation Mercedes-Benz SLK roadster as well as for the company's A-Class and Smart models.
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