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Spending by Households, Companies Propels U.S. Economy

Bloomberg Consumer Comfort Index: “The world’s largest economy grew faster in the third quarter than first estimated, capping its strongest six months in a decade, as consumers went shopping and companies boosted spending. Gross domestic product rose at a 3.9 percent annualized rate, exceeding all forecasts of economists surveyed by Bloomberg and up from an initial estimate of 3.5 percent, revised data from the Commerce Department showed today inWashington. Other reports showed consumer confidence weakened andhome prices rose at a slower pace.”

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