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Wednesday, May 1, 2024

The US economy is slowing down!

The US CCI has fallen to 97 because consumers are losing confidence in the US economy.  This had already been depicted in the latest GDP growth component (consumption) because the US consumers had started to cut back on their spendings.

The Consumption component in the GDP growth had fallen from 2.2 to 1.68 in the latest GDP figure.

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