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US business activity picks up in January; inflation cooling

By Inquirer - 10 months ago
WASHINGTON  – U.S. business activity picked up in January and inflation appeared to abate, with a measure of prices charged by companies for their products falling to the lowest level in more than 3-1/2 years, suggesting that the economy kicked off 2024 on a strong note. S&P Global said on Wednesday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services

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