DHAKA: US economic growth slowed sharply in the third quarter of the year.

Gross domestic product grew at an annualized pace of 1.5% between July and September, according to the Department of Commerce, down from a rate of 3.9% in the second quarter.

The slowdown was partly due to companies running down stockpiles of goods in their warehouses, reports BBC.

On Wednesday, the Federal Reserve kept rates unchanged and said the economy was expanding at a "moderate" pace.

BDST: 0920 HRS, OCT 30, 2015
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