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The large services side of the U.S. economy grew in October at the fastest pace in eight months with the help of lower interest rates, but businesses expressed lingering worries over high tariffs and said the government shutdown could also cause pain if it drags on.
The reading of a survey of businesses such as banks, retailers and restaurants rose to 52.4% in October from 50% in the prior month,
the Institute for Supply Management said Wednesday. Any number above 50% signals expansion.
