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Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last month in a sign the central bank’s work is far from done.
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To catch US rivals, Wael Sawan needs to show he can combine spending discipline with expansion.
The U.S. economy ripped off its fastest rate of growth in more than a year, amped up by the boom in artificial intelligence and strong spending by wealthier Americans.
The U.S. economy ripped off its fastest rate of growth in almost three years, amped up by the boom in artificial intelligence and strong spending by wealthier Americans.
Inflation increased slightly in September after declining in August, new data from the Bureau of Economic Analysis showed Thursday.
