Daily Business News
Friday, October 27, 2006
  Weak home building drags down economic growth (Reuters)

Homes under construction in a suburb of Chicago in a file photo. A slumping housing sector helped slow economic growth in the third quarter to its weakest pace in more than three years the Commerce Department reported on Friday. (John Gress/Reuters)Reuters - A slumping housing sector helped slow U.S. economic growth in the third quarter to its weakest pace in over three years leading financial markets to raise bets on interest-rate cuts next year.


 
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