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Source: Common Domain

Economy expands in February at fastest pace in five months, leading indicators show

Thursday 23:39 GMT

The yield has fallen sharply from a seven-year high of 3.23% last October due to a softer economy and the Federal Reserve’s decision to stop raising interest rates.

“Despite the latest results, the US LEI’s growth rate has slowed over the past six months, suggesting that while the economy will continue to expand in the near-term, its pace of growth could decelerate by year end,” said Ataman Ozyildirim, director of economic research at the board.

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