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US Economy Grew Faster Than First Thought in 3rd Quarter

The U.S. economy grew at a slightly faster pace in recent months than first thought, as businesses restocked their goods. The Commerce Department said Tuesday the world's largest economy advanced 2.1 percent in the July-to-September period, up from an initial estimate of 1.5 percent. Even with the faster pace, the third quarter figure for the country's output of goods and services is down markedly from the 3.9 percent gain in the April-to-June quarter. Rate increase But...

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