Consumer confidence dipped for the second straight month as stubborn inflation and anxiety over a potentially slowing economy weighed on Americans.
and others largely met Wall Street's quarterly sales and profit expectations, they have cut their forecasts for 2023 with inflation lingering longer than expected.
The Fed’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.
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