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Consumer Spending Slid Again in December

Por: The New York Times Business January 28, 2023

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For more than a year now, the U.S. economy has faced two fundamental, interwoven challenges: Consumers wouldn’t stop spending, and prices wouldn’t stop rising.Both trends are now showing early signs of reversing.Consumer spending fell in both November and December, the Commerce Department , as shoppers pulled back amid rising prices, dwindling savings and warnings of a looming recession.Inflation is also easing: Consumer prices rose 5... + full article



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