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Thursday, December 1, 2022
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Economic Performance/Indicators

U.S. Jobless Claims Fell Last Week, Showing Solid Labor Market

Applications for unemployment benefits decreased by 16,000 last week, consistent with a labor market that remains resilient despite signs of a broader economic slowdown. Source...

U.S. Households Sharply Boosted Spending in October

EconomyU.S. EconomySpending rose 0.8% in month, income up 0.7% and core personal consumption expenditures price index rose 0.2% Source link

In Tough Housing Market, Renters Renovate Like They Own the Place

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U.S. Economic Growth Slowed This Fall, Fed’s Beige Book Says

EconomyU.S. EconomyCentral bank’s business contacts saw greater economic uncertainty amid inflation and higher interest rates Source link

Jerome Powell Signals Fed Prepared to Slow Rate-Rise Pace in December

The Fed chair says a labor-market slowdown will be needed to bring inflation back to the central bank’s 2% target. Source link

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