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Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%

By: Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023.Kevin Lamarque | ReutersThe Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge falling…

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The Weakening U.S. Consumer

By: hanamiraeThe United States is a consumption-driven economy. But over the last half century, the US consumer has been weakening in the face of social and economic pressures. In recent years, the US Federal Reserve’s easy money policies along with fiscal stimulus have boosted consumption, but with inflation’s resurgence post-pandemic, such measures have run their…

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