U.S. industrial output shrank for a fifth straight month in December
and consumer prices fell, according to two reports Wednesday that
highlighted the
U.S. economy’s fragility.
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Falling demand in July for long-lasting goods, such as business
equipment, highlighted the
U.S. factory sector’s woes, but buoyant home
sales offered good news for the broader economy, reports showed Friday.
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U.S. inflation remained mild in November as the industrial sector
showed further signs of softness, bolstering expectations that the
Federal Reserve may start cutting interest rates in the new year.
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