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U S Fed s closely watched inflation measure surges 6 3 pct in July

U S Fed s closely watched inflation measure surges 6 3 pct in July
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U S GDP in Q2 revised up to 0 6 pct contraction

WASHINGTON, Aug. 25 (Xinhua) The U.S. economy shrank at an annual rate of 0.6 percent in the second quarter of this year, up from a 0.9 percent contraction estimated a month ago, according to data released Thursday by the U.S. Commerce Department.

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