- Despite recession fears, the economy grew at a pace of 2.9% in the 4th quarter, more than the expected 2.6%.
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- Business activity contracted for the 7th straight month in January. The downturn moderated across both the manufacturing and services sectors.
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- Jobless claims declined again last week, this time to 186K. The drop signals labor market strength despite Fed rate hikes and talk of recession.
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