US economic growth in third quarter has been revised up at an annual pace of 2.1%, not the 1.5% rate it reported last month. The stronger investment and house building was the trigger of economic growth in third quarter, though the consumer spending was revised down slightly. However, the growth based on GDP revision still slowed from an annual pace of 3.9% in the second quarter. Will the better third quarter growth push US Federal Reserve to raise interest rate at the end of this year?
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