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By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely accelerated in the third quarter as consumers maintained a strong pace of spending and exports surged, potentially keeping the Federal Reserve on track to raise interest rates in December. In addition to support from consumer spending and exports, the economy is also expected to have received a boost from a rebound in mining activity and inventory investment. "As long as you have consumer spending, some stabilization of capital spending, trade kicking in and inventories switching from being a significant drag, that balanced composition will make us confident that things are moving in the right direction," said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.
EAST LANSING, Mich. (AP) — Jim Harbaugh has Michigan marching toward a special season, winning its first seven games and climbing to No. 2 in The Associated Press college football poll for the first time in a decade.