Inflation Hit Americans’ Finances Last Year, Fed Finds

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Inflation Hit Americans’ Finances Last Year, Fed Finds
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Americans reported a sharp decline in their financial well-being last fall as high inflation eroded earnings and savings

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retail sales report provides the widest lens for American consumers’ spending habits, and will play a major role in determining what comes next for the Federal Reserve. WSJ’s Dion Rabouin explains. Photo: Richard B. Levine/Zuma Presseroded earnings and savings, according to a Federal Reserve survey released Monday.Continue reading your article with

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