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US Economy: Key Inflation Gauge Picks Up, Jobless Claim and Spending Up Slightly
The Federal Reserve's preferred measure of underlying inflation, the so-called core personal consumption expenditures price index, rose 0.3% from May and advanced 2.8% on an annual basis. Inflation-adjusted consumer spending edged up last month after declining in May and weekly jobless claims rose less than expected to 218.
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As a thought experiment, we asked ChatGPT what would happen if inflation dropped to 0% and how this would affect Americans ...
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Euro zone inflation held steady at the ECB's 2% target in July, confirming the bank's benign view on prices and strengthening ...
Euro zone inflation was unchanged at a higher-than-expected 2% in July, flash data from statistics agency Eurostat showed ...
A group of Democratic senators pressed the Labor Department in June over concerns about missing data in the survey behind ...
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