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US Fed's preferred inflation gauge eases while spending stalls
US Fed's preferred inflation gauge eases while spending stalls
Business and Economy
by  AFP

A key indicator of US inflation edged down in November, according to government data released Friday, in welcome news to households grappling with soaring costs while spending slowed. Household spending, which has proven resilient in the face of decades-high inflation, jumped 0.1 percent from October to November, the Commerce Department data showed.

New home sales in US post surprise jump in November
New home sales in US post surprise jump in November
Business and Economy
by  AFP

Sales of new homes in the US bounced unexpectedly in November despite high mortgage rates, official data showed Friday, with low inventories of existing homes likely nudging buyers into the market for new properties. Monthly data can be volatile, and economists have cited a lack of existing inventory as a reason that buyers are turning to new properties.

US Fed's preferred inflation gauge eases in November
US Fed's preferred inflation gauge eases in November
Business and Economy
by  AFP

A key indicator of US inflation edged down from a year ago in November, according to government data released Friday, in welcome news to households grappling with soaring costs while spending slowed. Household spending, which has proven resilient in the face of decades-high inflation, jumped 0.1 percent from October to November, official data showed.