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Check the data, which is the biggest increase since August.
It shows that although inflation has reached a multi-year high and the economic outlook is deteriorating,However, the overall demand for goods remains stable.. Nine of the 13 retail categories increased last month, includingStrong performance from car dealerships, grocery stores and restaurants. Sales at gas stations rose 4.1%, mainly reflecting the rise in oil prices. The data show that consumers continue to remain largely dynamic and show that the U. S. economy got off to a good start in the fourth quarter. Of course, this may complicate the arguments of several senior Fed officials, because many of them have been released from pigeons before, but they still admit that the inflation rate is still too high.![]()
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