#Biden’s job-creation lie, MSNBC’s Twitter-File denial and more

#Biden’s job-creation lie, MSNBC’s Twitter-File denial and more

“Biden’s job-creation lie, MSNBC’s Twitter-File denial and more” Diary of disturbing disinformation and dangerous delusions This Chart: We’re building an economy from the bottom up and the middle out by creating more jobs than any Administration in history at this point in a presidency. pic.twitter.com/BPGZapSKTM — President Biden (@POTUS) December 2, 2022 We say: President…

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#Fed inflation gauge shows October prices eased to 6%

#Fed inflation gauge shows October prices eased to 6%

“Fed inflation gauge shows October prices eased to 6%” A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices. Thursday’s report from the Commerce Department showed…

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#rate-hike slowdown possible in December

#rate-hike slowdown possible in December

“rate-hike slowdown possible in December” The Federal Reserve could scale back the pace of its interest rate hikes “as soon as December,” Fed Chair Jerome Powell said Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long….

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#GDP revised up to 2.9% for third quarter

#GDP revised up to 2.9% for third quarter

“GDP revised up to 2.9% for third quarter” Despite high interest rates and chronic inflation, the US economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter’s rise in the gross domestic product — the economy’s total output of goods…

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