U.S. Labor Cost Growth Slows, Consumer Confidence Dips in Latest Quarter
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FEBRUARY 1, 2023
On Wednesday, the Fed is forecasted to raise its policy rate by 25 basis points, further restraining the speed of its rate hikes. “The Fed’s rate hikes in 2022 were successful at cooling an overheated economy,” said Bill Adams, chief economist at Comerica Bank. gain in the July to September period. . in January from 34.5
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