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The report, which also showed underlying inflation posting its smallest monthly gain in more than a year, was published as officials at the U.S. central bank were gathering for their final two-day policy meeting of the year.
Outlook was, however, darkened by news that manufacturing activity contracted in November for first time in 2.5 years.
U.S. consumer spending increased solidly in October, while inflation pressures moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising headwinds from the
The initial government reading in October showed a 2.6% growth in economic activity.
The initial government reading in October showed a 2.6% growth in economic activity.