US financial development slows lower than anticipated in third quarter

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WASHINGTON, – The U.S. financial system slowed lower than anticipated within the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest client spending in practically 4 years and a surge in stock funding.

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Gross home product elevated at a 3.5 p.c annualized charge additionally supported by stable authorities spending, the Commerce Division mentioned on Friday in its first estimate of third-quarter GDP development. Whereas that was a slowdown from a 4.2 p.c tempo…

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