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Inflation remains sticky, while the economy continues to churn out new jobs and supports strong consumer spending.
The U.S. economy took a surprising jump in the fourth quarter of 2023, defying expectations of a slowdown. Consumer spending was strong, but the savings rate is low and credit card delinquencies are on the rise.
The U.S. economy continues to defy expectations, but also shows signs of cooling. Inflation’s descent slowed in December, suggesting a bumpy ride to the Fed’s 2% target.
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