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America In Focus: US economy expands at sluggish pace, mortgage rate hit the highest level in a year
The U.S. economy is expanding at a sluggish 1.5% this quarter, while mortgage rates have reached a yearly high of 6.66%. Despite rising consumer spending, inflation continues to outpace the Federal Reserve's target, impacting Americans' con...
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The U.S. economy is expanding at a sluggish 1.5% this quarter, while mortgage rates have reached a yearly high of 6.66%. Despite rising consumer spending, inflation continues to outpace the Federal Reserve's target, impacting Americans' confidence amidst higher borrowing costs and gas prices.
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#news #breaking #economy #mortgagerates #inflation #finance
Originally reported by AP News.
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