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Recent Articles

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Amazon CEO says its mass layoffs are due to economic uncertainty ahead that prompted company to cut back on expenses; company knew it 'might be overbuilding' when it added as many as many as 1,400 new hires/day during early pandemic growth

Wharton professor warns recession is 'virtually 100%' guaranteed if Fed keeps hiking rates into 2023; Fed could tighten too much if it relies too much on backward-looking inflation indicators that don't capture effects that rate hikes are having

Conference Board Consumer Confidence Index decreased to 100.2 in November from 102.2 in October; consumers’ assessment of current business, labor market conditions decreased to 137.4 from 138.7, Expectations Index declined to 75.4 from 77.9

European Commission's Economic Sentiment Indicator in November rose 1.0 point from October to 93.7 in the euro area; industry confidence registered a ninth monthly decline as managers' assessments of current level of overall order books deteriorated

University of Michigan's Index of Consumer Sentiment posted final November reading of 56.8, down from October's 59.9; consumer sentiment weighed down by inflation, rising borrowing costs, declining asset values and weakening labor market expectations

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