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The economy grew 4.9% in the third quarter despite high interest rates, inflation as consumer spending surged. Some economists still predict recession
Stronger-than-expected September retail sales sent government bond yields back toward recent highs.
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A surge in used car prices during the pandemic helped kick off the inflationary cycle.
WASHINGTON - U.S. job openings unexpectedly increased in August amid a surge in demand for workers in the professional and business services sector, pointing to a still-tight labor market that