U.S. Economy Grew at 1.5% Rate in Third Quarter

October 29, 2015 12:32 PM

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U.S. Economy Grew at 1.5% Rate in Third Quarter

Despite still-healthy spending by consumers, the American economy slowed significantly last quarter, the government said Thursday.

At an annualized rate of 1.5 percent, the tempo of growth in July, August and September represents a marked drop from the 3.9 percent pace of expansion in the spring.

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