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Spending Report to Offer Clues About Consumers’ Strength This Holiday Season

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An October household spending report will show how consumers fared as the holiday season approached, with high inflation and rising interest...

In Tough Housing Market, Renters Renovate Like They Own the Place

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Many Americans unable to buy a home right now are renovating their rentals instead.Resigned to stay in place until the housing...

U.S. Economic Growth Slowed This Fall, Fed’s Beige Book Says

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Jerome Powell Signals Fed Prepared to Slow Rate-Rise Pace in December

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Mr. Powell, in a speech Wednesday, said an overheated labor market needed to cool more for the Fed to be confident...

H&M to Lay Off 1,500 Staff to Stem Rising Costs

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Eurozone Inflation Eased in November, but Further Rate Rises Likely

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The annual rate of inflation in the eurozone fell in November for the first time since mid-2021 as energy prices dropped.However, the slowdown...

Junk Bonds Rally as Investors Speculate Inflation Has Peaked

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Investors are driving a modest end-of-year rally in junk bonds, erasing some of 2022’s biting losses in a bet that the...

Covid Controls Hit Chinese Factories, Adding Risks to Global Growth

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SINGAPORE—Economic activity in China contracted further in November, adding pressure to a global economy already losing momentum as the war in...

Yield Curve Inversion Reaches New Extremes

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Yields on longer-term U.S. Treasurys have fallen further below those on short-term bonds than at any time in decades, a sign...

U.S. Government to Backstop Mortgages Above $1 Million Mark for First Time

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WASHINGTON—The federal government is about to backstop mortgages of more than $1 million for the first time, a reflection of the...

U.S. Government to Backstop Mortgages Above $1 Million Mark for First Time

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WASHINGTON—The federal government is about to backstop mortgages...

Home Prices Slid in September for Third Straight Month

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Home prices declined in September from the prior...
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