Fragility of global supply chain, COVID-19 pandemic, exploitation, unseen labor, online shopping, bottlenecks, US economy, inflation, Chinese manufacturing, Just in Time model, power dynamics, diversification, resilience, sustainability, Middleman economy, ransomware attack, CDK Global, SolarWinds, Change, private equity, systemically important critical infrastructure, security, regulation, public utilities

Version 0.92 (2024-07-01 10:53:43.391000)

updates: The article highlights the vulnerabilities of the middleman economy and calls for regulation and accountability.

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Version 0.91 (2024-06-16 02:53:42.220000)

updates: Insights from a new book on the global supply chain

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Version 0.9 (2024-06-16 00:53:50.835000)

updates: New book explores the impact of the pandemic on the global supply chain

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Version 0.89 (2024-06-15 19:53:51.063000)

updates: Inclusion of specific details about the book and its analysis

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Version 0.88 (2024-06-15 18:53:17.398000)

updates: Insights from a new book on the supply chain issues during the pandemic

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Version 0.87 (2024-06-13 08:56:14.923000)

updates: The COVID-19 pandemic has exposed the fragility of the global supply chain and highlighted the need for more resilient and sustainable practices. It has brought attention to the exploitation and unseen labor behind the convenience of online shopping, as well as the power dynamics within the shipping industry. While some changes have been made in response to the pandemic, the long-term transformation of the supply chain remains a complex and challenging task.

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Version 0.86 (2024-06-04 05:52:37.713000)

updates: Incorporated information about the impact of COVID-19 on global supply chains

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Version 0.85 (2024-05-21 12:55:23.904000)

updates: Added information about transportation challenges in the pet food supply chain

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Version 0.84 (2024-03-29 03:38:52.093000)

updates: Added details about the attacks on ships in the Red Sea and the impact on container circulation and fuel costs

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Version 0.83 (2024-03-26 14:22:05.941000)

updates: Expands on the importance of shipping containers and the impact of supply chain disruptions

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Version 0.82 (2024-03-25 15:17:40.410000)

updates: Integration of the US economy's potential impact on container shipping

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Version 0.81 (2024-03-15 03:21:10.632000)

updates: Updated information on container shipping costs and routes

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Version 0.8 (2024-03-05 12:27:08.449000)

updates: Egypt's PMI falls to 11-month low due to Suez Canal disruptions

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Version 0.79 (2024-02-20 02:18:13.335000)

updates: The article emphasizes the economic importance of the Red Sea and the need for economic resilience in Britain. It highlights the impact of the closure of the Red Sea and Suez Canal on shipping routes and the potential for delays and higher prices. It also discusses the correlation between international freight rates and goods inflation, suggesting that addressing the chronic balance of payments deficit and producing more goods domestically could make the economy more resilient.

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Version 0.78 (2024-02-19 13:18:05.626000)

updates: Container leasing costs tripled between China and the US

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Version 0.77 (2024-02-15 12:19:57.904000)

updates: Updates on shipping disruptions in the Red Sea and their potential impact on inflation

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Version 0.76 (2024-01-29 19:26:17.513000)

updates: Goldman Sachs analysis suggests minimal inflation impact from Red Sea disruptions

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Version 0.75 (2024-01-29 17:28:59.648000)

updates: The impact of shipping disruptions and rising costs on inflation is deemed minimal by analysts

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Version 0.74 (2024-01-19 13:45:10.470000)

updates: The risk of inflation spiking again due to disruptions in shipping and rising shipping costs

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Version 0.73 (2024-01-19 02:42:22.870000)

updates: Updated information on US inflation and its drivers

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Version 0.72 (2024-01-14 07:15:38.590000)

updates: Wholesale inflation in the US declined in December

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Version 0.71 (2024-01-12 23:15:22.394000)

updates: Discussion on post-pandemic inflation adjustment and uncertainty

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Version 0.7 (2024-01-12 20:21:05.714000)

updates: Integration of information on supply shock inflation

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Version 0.69 (2024-01-12 20:15:37.588000)

updates: Updated information on wholesale inflation in the US

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Version 0.68 (2024-01-12 16:17:21.596000)

updates: Includes information on US wholesale inflation declining and signaling easing price pressures

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Version 0.67 (2024-01-12 15:16:05.395000)

updates: Inflation report shows mixed movement, concerns about inflation persist

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Version 0.66 (2024-01-12 15:15:29.089000)

updates: Wholesale inflation fell in December, while consumer prices unexpectedly picked up pace

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Version 0.65 (2024-01-12 14:18:35.296000)

updates: Wholesale inflation in the United States fell by 0.1% from November to December, indicating easing price pressures. Year-on-year, producer prices increased by 1%. Core wholesale prices, excluding food and energy costs, remained unchanged from November and increased by 1.8% from a year earlier. The report suggests that US inflation pressures are easing, although not consistently. The Federal Reserve's interest rate hikes have slowed inflation, but there have been occasional increases. The Fed is expected to cut rates three times this year, but faster-than-expected consumer inflation in December may delay rate cuts. Despite high borrowing costs, the US economy and job market remain strong. The combination of slow inflation and a strong economy raises hopes for a "soft landing" without recession.

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Version 0.64 (2024-01-12 14:18:01.399000)

updates: Wholesale inflation in the US declined in December

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Version 0.63 (2024-01-12 04:18:19.735000)

updates: New information about the rise in housing costs and the impact on small-business owners

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Version 0.62 (2024-01-11 23:16:22.860000)

updates: Experts suggest less worry about inflation

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Version 0.61 (2024-01-11 19:18:29.022000)

updates: Additional details on US inflation and its impact on the economy

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Version 0.6 (2024-01-11 18:16:28.351000)

updates: US inflation rose to 3.4% in December, exceeding forecasts

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Version 0.59 (2024-01-11 17:16:55.936000)

updates: US inflation rises to 3.4% in December on energy prices

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Version 0.58 (2024-01-11 16:20:03.515000)

updates: US inflation rose to 3.4% in December, exceeding expectations

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Version 0.57 (2024-01-11 16:18:19.210000)

updates: US inflation rose to 3.4% in December, exceeding expectations

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Version 0.56 (2024-01-11 16:16:40.448000)

updates: US inflation rises to 3.4% in December, exceeding expectations

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Version 0.55 (2024-01-11 14:17:11.326000)

updates: US inflation hits 3.4% in December, surpassing expectations

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Version 0.54 (2024-01-11 07:15:26.548000)

updates: Consumer inflation pressures may have eased further in December

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Version 0.53 (2024-01-10 12:25:11.292000)

updates: US prices fell in November for the first time in more than 3-1/2 years, pushing the annual increase in inflation further below 3 per cent. The report from the Commerce Department on Friday also showed underlying inflation pressures continuing to subside. Inflation, as measured by the personal consumption expenditures (PCE) price index, fell 0.1 per cent last month, the first monthly decline since April 2020. Food prices edged down 0.1 per cent and energy prices dropped 2.7 per cent. The PCE price index increased 2.6 per cent in the 12 months through November, below the 3 per cent target. The core PCE price index rose 0.1 per cent in November, matching October's gain. The so-called core PCE price index advanced 3.2 per cent year-on-year, the smallest rise since April 2021. The Federal Reserve is expected to cut interest rates in March 2024. President Joe Biden welcomed the news, stating that it reflects progress in fixing supply chains and increasing workforce. Consumer sentiment also soared in December, reversing previous declines. The US central bank held rates steady last week and signaled that lower borrowing costs are coming in 2024. Wages jumped 0.6 per cent last month, and personal income rose 0.4 per cent. Consumer spending increased 0.2 per cent, and overall consumer spending increased 0.3 per cent when adjusted for inflation. Durable goods orders jumped 5.4 per cent in November. New home sales plunged 12.2 per cent in November, likely temporary due to a dearth of previously owned houses on the market. Global stock markets mostly fell on Friday as hopes faded for a quick recovery from the global coronavirus pandemic.

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Version 0.52 (2023-12-23 16:01:21.921000)

updates: US prices fell in November for the first time in more than 3-1/2 years, pushing the annual increase in inflation further below 3 per cent. The report from the Commerce Department on Friday also showed underlying inflation pressures continuing to subside. Inflation, as measured by the personal consumption expenditures (PCE) price index, fell 0.1 per cent last month, the first monthly decline since April 2020. Food prices edged down 0.1 per cent and energy prices dropped 2.7 per cent. The PCE price index increased 2.6 per cent in the 12 months through November, below the 3 per cent target. The core PCE price index rose 0.1 per cent in November, matching October's gain. The so-called core PCE price index advanced 3.2 per cent year-on-year, the smallest rise since April 2021. The Federal Reserve is expected to cut interest rates in March 2024. President Joe Biden welcomed the news, stating that it reflects progress in fixing supply chains and increasing workforce. Consumer sentiment also soared in December, reversing previous declines. The US central bank held rates steady last week and signaled that lower borrowing costs are coming in 2024. Wages jumped 0.6 per cent last month, and personal income rose 0.4 per cent. Consumer spending increased 0.2 per cent, and overall consumer spending increased 0.3 per cent when adjusted for inflation. Durable goods orders jumped 5.4 per cent in November. New home sales plunged 12.2 per cent in November, likely temporary due to a dearth of previously owned houses on the market. Global stock markets mostly fell on Friday as hopes faded for a quick recovery from the global coronavirus pandemic.

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Version 0.51 (2023-12-23 07:03:57.604000)

updates: US dollar hits 5-month low, inflation cools in November

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Version 0.5 (2023-12-23 04:59:04.879000)

updates: The Federal Reserve's preferred measure of prices, the personal consumption expenditures (PCE) price index, fell 0.1% in November from October and rose 2.6% from November 2022. Excluding volatile food and energy prices, core inflation rose 0.1% from October and 3.2% from a year earlier. The numbers show progress against inflation, indicating a potential for Fed rate cuts in 2024. Lower rates could lead to reduced interest rates on mortgages, car loans, and credit cards. The rate on the benchmark 30-year fixed-rate mortgage is already dropping. Americans have already seen relief from high prices in various sectors. The Fed has decided not to raise rates at its last three meetings and expects to cut rates three times next year. The PCE index accounts for changes in consumer shopping habits during inflationary periods. Consumer spending rose 0.2% in November, and personal income rose 0.4%.

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Version 0.49 (2023-12-23 03:02:09.298000)

updates: New information on the decline in US inflation and its impact on the US dollar

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Version 0.48 (2023-12-23 02:00:27.580000)

updates: Updated information on US inflation and expectations of interest rate cuts

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Version 0.47 (2023-12-23 01:59:36.370000)

updates: Updated information on US inflation and expectations of interest rate cuts

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Version 0.46 (2023-12-23 01:05:08.383000)

updates: The speed of the decline in US inflation is 'remarkable', fueling expectations of interest rate cuts

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Version 0.45 (2023-12-22 23:03:11.192000)

updates: Prices in the US have fallen for the first time in more than three years

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Version 0.44 (2023-12-22 22:59:10.643000)

updates: Prices in the US have fallen for the first time in more than three years

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Version 0.43 (2023-12-22 22:01:02.500000)

updates: The Fed's Key Inflation Rate fell below 2%. US economy performing well with low unemployment rate and GDP growth. Biden Administration's supply-side measures contributing to economic recovery.

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Version 0.42 (2023-12-22 21:59:38.680000)

updates: The US dollar has reached a near five-month low against a basket of currencies following reports of a further slowdown in US inflation in November. The personal consumption expenditures (PCE) price index, which measures inflation, dropped to 2.6% in November, down from 2.9% in October. The core PCE price index, which excludes volatile food and energy components, rose by 3.2% year-on-year in November, marking the smallest increase since April 2021. These figures indicate that inflation is slowing down more than economists had anticipated. The recent decline in the US dollar can be attributed to market expectations of rate cuts in 2024, following the Federal Reserve meeting last week. Over the past two weeks, the dollar index has fallen by more than 2% and is on track to end the year with a decline of just under 2%. According to a report from The Wall Street Journal, prices fell in November for the first time in more than three years, with the personal consumption expenditures price index retreating 0.1% from the previous month. Excluding food and energy, prices rose 0.1% over the month and 3.2% from a year earlier. The decline in prices has led to an increase in American households' capacity to spend, with real disposable income growing by 0.4% between October and November. Consumer sentiment has also improved, with the University of Michigan's survey showing a 14% increase in December. However, the Federal Reserve acknowledges that there is still work to be done to bring inflation down to its target of 2% on core PCE. The Federal Reserve's preferred inflation gauge, the annual personal consumption expenditure (PCE) price index, slowed to 2.6 percent in November, down from 2.9 percent in October, the lowest reading since February 2021. PCE also fell 0.1 percent on a month-over-month basis for the first time since April 2020. Core PCE, which excludes volatile energy and food components, slowed to 3.2 percent year-over-year in November, down from 3.4 percent in the previous month. President Joe Biden called the numbers 'a significant milestone' for the U.S. economy. The University of Michigan’s Consumer Sentiment Index advanced to 69.7 in December, up from 61.3 in November. Personal income rose 0.4 percent in November, and personal spending inched higher by 0.2 percent. Durable goods orders increased by 5.4 percent in November, while new home sales plummeted 12.2 percent. The Federal Reserve's preferred measure of inflation, the personal consumption expenditures (PCE) price index, fell 0.1% in November from October and rose 2.6% from November 2022, marking the largest month-over-month drop since April 2020. Core inflation, excluding food and energy prices, rose 0.1% from October and 3.2% from a year earlier. The decline in inflation rates indicates progress against inflation and sets the stage for potential rate cuts by the Federal Reserve in 2024. The U.S. economy and job market have remained strong despite 11 rate hikes since March 2022, raising hopes for a 'soft landing' without a recession. The Commerce Department's PCE index is preferred by the Fed over the Labor Department's consumer price index (CPI) due to its accounting for changes in consumer behavior. Consumer spending rose 0.2% in November, while personal income rose 0.4%. The Federal Reserve's preferred measure of prices fell last month, with U.S. consumer prices sliding 0.1% from October and rising 2.6% from November 2022. Excluding volatile food and energy prices, core inflation rose 0.1% from October and 3.2% from a year earlier. The numbers show progress against inflation, clearing the way for Fed rate cuts in 2024. Rates on loans for cars, homes, and other larger purchases tend to track the direction of Fed monetary policy. The rate on the benchmark 30-year fixed-rate mortgage is already dropping. Americans have seen relief from high prices in various sectors. After nearly two years of Fed rate hikes, inflation has come down from four-decade highs. The Fed has decided not to raise rates at its last three meetings and expects to cut rates three times next year. The U.S. inflation gauge, the personal consumption expenditures (PCE) price index, showed year-over-year inflation peaking at 7.1% in June 2022. Consumer spending rose 0.2% last month, and personal income rose 0.4%. In November, prices fell for the first time since 2020, indicating that the U.S. economy can avoid a recession while bringing prices under control. The personal-consumption expenditures price index declined 0.1% in November compared to the previous month, the first decline since April 2020. Prices were up 2.6% on a year-on-year basis, close to the Fed's 2% target. Core prices rose just 1.9% on a six-month annualized basis, showing progress towards the Fed's target. Consumer sentiment has improved significantly, with expectations for lower inflation in the coming year. Consumer spending increased by 0.2% in November compared to the previous month. Despite the Fed's tightening policy, the U.S. economy has avoided a recession. Economists predict a gradual slowing in 2024, allowing inflation to soften further and resulting in a soft landing for the economy.

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Version 0.41 (2023-12-22 21:00:54.555000)

updates: Prices fell for the first time in more than three years

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Version 0.4 (2023-12-22 21:00:31.820000)

updates: US dollar reaches near five-month low, decline in inflation more than anticipated, market expectations of rate cuts in 2024, decline in US dollar index, increase in American households' capacity to spend, improvement in consumer sentiment, decline in prices, increase in real disposable income, decline in PCE price index, decline in core PCE, decline in inflation rates, potential rate cuts by the Federal Reserve in 2024, strong US economy and job market, decline in consumer prices, relief from high prices, decline in benchmark 30-year fixed-rate mortgage, Fed expects to cut rates three times next year, decline in year-over-year inflation

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Version 0.39 (2023-12-22 20:00:40.245000)

updates: New government data shows decline in prices

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Version 0.38 (2023-12-22 19:01:14.414000)

updates: Updated information on US inflation and Federal Reserve's preferred measures

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Version 0.37 (2023-12-22 18:05:12.207000)

updates: New data shows decline in inflation rates, potential rate cuts by Federal Reserve

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Version 0.36 (2023-12-22 18:00:27.365000)

updates: US inflation cools in November as prices fall for the first time in 3.5 years

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Version 0.35 (2023-12-22 17:59:04.738000)

updates: New information on inflation figures and Federal Reserve's rate cut plans

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Version 0.34 (2023-12-22 17:06:10.430000)

updates: Incorporated additional details about the slowdown in US inflation and the potential rate cut

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Version 0.33 (2023-12-22 17:05:32.775000)

updates: Incorporated additional details about the slowdown in US inflation and the potential rate cut

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Version 0.32 (2023-12-22 17:00:21.429000)

updates: New information on US inflation and potential Fed rate cut

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Version 0.31 (2023-12-22 17:00:01.821000)

updates: The US dollar has reached a near five-month low against a basket of currencies following reports of a further slowdown in US inflation in November.

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Version 0.3 (2023-12-22 16:59:33.177000)

updates: Incorporated information about US annual inflation slowing further below 3% in November and the increased expectations for an interest rate cut

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Version 0.29 (2023-12-22 15:59:48.423000)

updates: Inflation fell in November for the first time since April 2020, signaling that the Federal Reserve's interest rate hikes are putting pressure on inflation. The decline was seen in the Fed's preferred measure of inflation, personal consumption expenditures (PCE), which showed a 0.1% drop in consumer prices from October. The year-over-year increase was 2.6%, lower than economists had forecast.

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Version 0.28 (2023-12-22 15:59:21.878000)

updates: Inflation falls for the first time since April 2020, indicating pressure on the Federal Reserve's interest rate hikes

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Version 0.27 (2023-12-21 16:01:54.010000)

updates: Recent reports indicate that inflation has likely returned to the Federal Reserve's 2% target. The Bureau of Economic Analysis is expected to release a monthly report confirming this achievement. The Federal Reserve is now focusing on the outlook for inflation to avoid undershooting its target. The core PCE price index increased at a 2% annual rate in the third quarter, the slowest since the end of 2020. Fed Chairman Jerome Powell and his colleagues are expected to cut interest rates earlier and faster, starting in March. The decline in goods prices and slower rate of rise in services prices provide forecasters with confidence that overall inflation will stay close to the Fed's 2% target. However, there are potential bumps in the road, such as increases in rent and upcoming changes to seasonal adjustments of the monthly inflation data.

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Version 0.26 (2023-12-20 21:58:57.921000)

updates: The US economy successfully tames inflation in 2023

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Version 0.25 (2023-12-17 00:59:28.892000)

updates: The new information provides additional context on the decline in inflation, the impact of interest rate hikes, and the Fed's projections for rate cuts next year. It also highlights the distinction between falling inflation and deflation, and the preference for rising prices to avoid economic distress. The information on falling prices for certain goods and the role of rising wages in improving public sentiment is also included.

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Version 0.24 (2023-12-16 14:13:09.550000)

updates: Integration of information about the perception of expensive prices despite falling inflation

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Version 0.23 (2023-12-16 12:01:18.189000)

updates: Integration of information about inflation cooling and prices still rising

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Version 0.22 (2023-12-16 07:23:56.498000)

updates: The Federal Reserve's success in controlling inflation

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Version 0.21 (2023-11-20 07:19:09.330000)

updates: Updated information on the success of the US Federal Reserve's efforts to control inflation

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Version 0.2 (2023-11-17 15:59:46.888000)

updates: The addition of an analysis on the role of the US Federal Reserve and President Biden's administration in controlling inflation.

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Version 0.19 (2023-11-14 16:16:09.917000)

updates: Interview with JPMorgan's Chief Global Strategist on inflation outlook

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Version 0.18 (2023-11-14 15:12:16.908000)

updates: JPMorgan analysts believe US inflation is heading back to 2%

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Version 0.17 (2023-11-12 15:19:42.093000)

updates: IRS announces new income tax brackets

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Version 0.16 (2023-11-12 13:26:14.067000)

updates: Restructured and combined two news stories

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Version 0.15 (2023-11-10 12:23:14.444000)

updates: Restructured and combined information from multiple sources

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Version 0.14 (2023-11-09 16:25:46.694000)

updates: Combined and organized information from multiple sources

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Version 0.13 (2023-11-09 10:27:27.127000)

updates: Updated information on US inflation and future projections

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Version 0.12 (2023-10-28 00:04:56.992000)

updates: Added information about health care costs driving inflation

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Version 0.11 (2023-10-27 17:05:14.201000)

updates: The new narrative includes information from a recent inflation report that shows little improvement and an increase in consumer spending.

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Version 0.1 (2023-10-19 10:46:33.203000)

updates: Added information about retail sales and job growth

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Version 0.09 (2023-10-13 17:27:57.464000)

updates: Added information about deflation in the US and its impact on prices in the goods sector

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Version 0.08 (2023-10-13 14:38:02.058000)

updates: The new narrative includes information about the impact of steady inflation on ETFs.

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Version 0.07 (2023-10-13 10:34:17.143000)

updates: Added information about consumer sentiment and the impact of inflation on prices

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Version 0.06 (2023-10-12 21:32:45.403000)

updates: Added information about progress towards slower price increases stalling and signs in the report suggesting that recent progress in slowing inflation may not be sustainable

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Version 0.05 (2023-10-12 17:27:28.907000)

updates: The title and some details in the story have been revised.

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Version 0.04 (2023-10-12 15:28:35.453000)

updates: The title has been modified to better reflect the content of the story.

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Version 0.03 (2023-10-12 14:28:11.653000)

updates: Expanded on the information about US inflation and consumer prices in September

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Version 0.02 (2023-10-12 13:38:01.504000)

updates: Added information about consumer prices rising in September

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Version 0.01 (2023-10-12 13:28:37.232000)

updates: The story includes new information about the consumer price index and economists' opinions on the Fed's next move.

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Version 0.0 (2023-10-12 06:32:59.813000)

updates:

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