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US inflation and consumer spending cooled in December | Business and Economy News
The Federal Reserve’s desired inflation gauge eased more in December, and customer expending fell – the most up-to-date proof that the Fed’s series of desire charge rises are slowing the economic system. Friday’s report from the US Section of Commerce confirmed that price ranges rose 5 p.c very last month from a year earlier, down from a 5.5 per cent calendar year-over-12 months improve in November. It was the third straight fall. Consumer shelling out fell .2 percent from November to December and was revised lessen to show a fall of .1 percent from Oct to November. Very last year’s holiday sales were being sluggish for lots of retailers, and…
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December Jobs Report Offers Good News: Easing Wage Pressures, Healthy Economy
There wasn’t much in the way of reassuring news for investors and the Federal Reserve in 2022. But 2023 is starting off on a better foot with the December jobs report. The latest reading on the jobs market showed an easing of wage pressures since November, which had sparked renewed inflation concerns. At the same time, job growth has moderated from last year’s elevated pace, and yet remained healthy. That dynamic threads the needle of showing some impact on the economy from the Fed’s efforts to slow the economy and fight inflation through interest-rate increases and, at the same, offering no signs of a more significant slowdown that would reflect…
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5 things to know for December 15: Storms, Congress, Covid tests, US border, World Cup
CNN — If you’ve yet to begin your holiday shopping, don’t worry, you’re not alone. There’s still time to avoid the last-minute mad dash, but a lot of mail congestion is expected in the coming weeks – and inclement weather can throw a wrench in the works, forcing delivery delays or cancellations. So, plan to get packages in the mail by these shipping deadlines, and it’s more likely your loved ones will receive their gifts on time. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “5 Things You Need to Know Today” delivered to your inbox daily. Sign…
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5 things to know for December 12: Winter storm, NASA, Ukraine, World Cup, China
CNN — As you scroll through social media this week, there’s a chance you’ll see pictures of your friends, but re-imagined as celestial beings or cartoon-like characters. Perhaps you’ve even seen a few of the eye-catching portraits already – or maybe you’re grimacing at the notion of another viral trend hijacking your feed. Whether you’re a fan or foe, the popular app behind the avatars is Lensa, and some users are voicing concerns about how much the portraits distort body shapes and skin color. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “5 Things You Need to Know…
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Top Fashion Stories of the Week: December 9
This week, fashion offered a slew of exciting collaborations and a number of executive changes. At the top, Miuccia Prada and Patrizio Bertelli stepped down as co-CEOs of the Prada Group, and Steve Rendle officially stepped down as CEO of the Vans, Supreme and The North Face parent company, VF Corporation. In another sphere, Gucci offered something to look forward to, revealing that it will stage its Cruise 2024 show in South Korea in May of next year. And on the collab front, Dickies teamed up with Gucci Vault, and Denim Tears stirred conversations with two joint collections, one with Stüssy and another with Dior. Below, Hypebeast has rounded up the top fashion stories…
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