The US economy slowed less than expected in the 3rd quarter amid strong consumer spending

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The US economy slowed less than expected in the 3rd quarter amid strong consumer spending
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The results cast further doubt on the prospect that Trump would fulfill his longstanding pledge to bring US growth to or above 3% this year.

Economic activity cooled further in the third quarter amid ongoing trade disputes. Still, the 1.9% growth exceeded consensus analyst forecasts for 1.6%. Visit Business Insider's homepage for more stories. The record-long US expansion cooled less than expected in the third quarter as strong consumer spending partially offset the effects of ongoing disputes between the Trump administration and major trading partners.

Economic activity cooled further in the third quarter amid ongoing trade disputes. Still, the 1.9% growth exceeded consensus analyst forecasts for 1.6%. Visit Business Insider's homepage for more stories. The record-long US expansion cooled less than expected in the third quarter as strong consumer spending partially offset the effects of ongoing disputes between the Trump administration and major trading partners.

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