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The Nexus
BUSINESSAug 1 · 14:11 UTCSEATTLE TIMESMICHELLE CHAPMAN

America In Focus: US economy expands at sluggish pace, mortgage rate hit the highest level in a year

The U.S. economy expanded at a 1.5% pace from April through June, with rising imports weighing on growth. Mortgage rates reached their highest level in a year.

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