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A measure of future U.S. economic growth slipped in the latest week, and the annualized growth rate also slowed, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 121.9 in the week ended Sept. 23 from 122.2 the previous week.

The index's annualized growth rate decelerated to minus 7.2 percent from minus 6.7 percent a week earlier.