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U.S. Households Lifting Economy After Being Stung by Inflation Last Year
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Fresh figures on jobs and prices drove the economy’s surprising vigor this year, joining rising household incomes, consumer resilience and other data that have persuaded investors the Federal Reserve’s battle against inflation is likely to be a longer one than they hoped.
Layoffs remained historically low last week while supplier prices increased in the year through January by 6%, faster than expected but down from 6.5% in December, the Labor Department said Thursday.
Read more on wsj.comAbout this in other media
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