Inflation data set for release on Tuesday will show whether the U.S. continued a monthslong streak of easing price increases despite blockbuster job growth last month that revealed an economy running hotter than expected.
U.S. Federal Reserve Chair Jerome Powell during an on-stage discussion at a meeting of The Economic Club of Washington, at the Renaissance Hotel in Washington, D.C., Feb. 7, 2023.The combination of strong hiring and easing inflation has buoyed hopes among some economists that the U.S. could avert a recession.released by the International Monetary Fund last month predicted that U.S. economic growth would cool to 1.4% this year from 2% last year, but it found the U.S. could avoid a downturn.
Home sales fell for the 11th consecutive month in December, reaching their lowest rate since November 2010, according to the National Association of Realtors. Meanwhile, U.S. retail sales fell in December, ending the typically busy holiday shopping season with a whimper.
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