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New York
CNN Business
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Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience.
Yes, the economy is strong. But it comes with a lot of caveats.
Let’s review:
- Gross domestic product grew at a 3.2% annualized rate last quarter, a sharp bounce back from shrinking in the first half of the year.
- Consumer confidence unexpectedly grew in December.
- Last month’s jobs report defied analysts’ expectations, with unemployment remaining at almost a half-century low.
- And multiple recent inflation reports show prices are starting to cool off.
However, these are just ingredients in a murky soup of conflicting “yes, but” headlines.
Yes, consumers say they feel…
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