US inflation and consumer spending cooled in December | Idaho Business Review

January 31, 2023January 31, 2023 by Matt

By: The Associated Press January 30, 2023

The Federal Reserve’s favored inflation gauge alleviated even more in December, and customer costs fell– the most recent proof that the Fed’s series of rate of interest walkings are slowing the economy. Friday’s report from the Commerce Department revealed that rates increased 5% last month from a year previously, below a 5.5% year-over-year boost in November. It …

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