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US consumer spending ends 2022 on weaker grounds; slowing inflation

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Shopper spending fell 0.2% in December private revenue will increase by 0.2%; The financial savings charge rose to three.4%. Core PCE value index rose 0.3%; 4.4% improve yr on yr WASHINGTON (Reuters) – U.S. client spending fell for the second straight month in December, placing the economic system on a decrease development path heading into … Read more

US banks are preparing to cut profits and recession

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NEW YORK (Reuters) – U.S. banking giants are anticipated to report decrease fourth-quarter earnings this week as lenders hoard cash for wet days in preparation for an financial slowdown that may damage funding banking. 4 US banking giants – JPMorgan Chase & Co (JPM.N)Financial institution of America Corp (BAC.N)Citigroup Inc (CN) and Wells Fargo & … Read more