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While the summer brought lower inflation rates, higher jobs rates and boosts of consumer spending, Bloomberg Economics is warning a recession is more likely than not happening soon. Citing the ongoing autoworkers strike, the return of student loan repayments and the looming threat of a government shutdown after Congress’s short-term spending bill lapses in November, Bloomberg…
Annual inflation hits 6.4 percent in January: CPI Consumer prices rose 0.5 percent in January and 6.4 percent annually, according to Labor Department’s consumer price index released Tuesday, a jump in inflation which could encourage the Federal Reserve to further raise interest rates. Core inflation, which excludes volatile food and energy prices, came in at…