US Economy Shows Mixed Signals: Growth Up but Inflation and Rates Bite

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The US economy outperformed growth expectations this week, while jobless claims stayed relatively low. However, inflation remained stubbornly high, driven by rising costs in fuel and electronics. Consumer spending slowed under the pressure, though businesses continued to invest heavily in artificial intelligence. Tech giants like Apple raised prices on products such as Macs and iPads, partly reflecting these cost pressures. Mortgage rates edged higher, adding further strain to household finances.

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