US inflation and consumer spending cooled in December

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US inflation and consumer spending cooled in December US inflation and consumer spending cooled in December

WASHINGTON (Staff) – The Federal Reserve’s preferred indicator of inflation continued to decline in December and consumer spending fell – the latest evidence that the Fed’s string of rate hikes is slowing the economy. The Commerce Department’s Friday report showed prices rose 5% year-on-year last month, compared with a 5.5% year-on-year increase in November. It […] The post US inflation and..
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