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The unemployment rate just dropped to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo

The recession that seemed so inevitable at the end of 2022, still hasn’t arrived and may not come any time soon,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance. The recession that seemed so inevitable at the end of 2022, still hasn’t arrived and may not come any time soon,” said Chris Zaccarelli,…

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Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

By: Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to a data release Thursday.The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on…

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