The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.

BING NEWS:
  • Fed’s preferred inflation gauge shows price pressures stayed elevated last month
    A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
    04/26/2024 - 2:34 am | View Link
  • Stock markets fall after sharp US growth slowdown
    Commerce department says gross domestic product growth decelerated to 1.6% at start of year as consumers slowed spending
    04/25/2024 - 4:02 am | View Link
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