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From inflation to mortgage rates: What moved US economy's report card this week
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US economic growth surprised on the upside, while job losses remained low. However, persistent inflation, fueled by rising fuel and electronics costs, is squeezing consumers. Despite a slowdown in spending, businesses are investing heavily in AI, leading to price hikes on tech products like Apple's Macs and iPads. Mortgage rates also saw a slight increase, adding to financial pressures. What's Your Reaction?
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