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US Economy Gains Speed but Remains Modest

The U.S. economy grew at the fastest pace in two years in July, August, and September. The 2.9 percent annual growth rate in the third quarter accelerated at a more rapid pace than the previous quarter, according to Friday's report from the Commerce Department. The data show the rebound was driven by rising exports and businesses making purchases to restock shelves. White House economic adviser Jason Furman says exports have been hampered by slow growth overseas. Consumer...

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