Lindsey Piegza News
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The cost of living in the U.S. probably rose in January by the most in four months, boosted by higher prices for food and energy, economists said before a report today.
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Lindsey Piegza, an economist at FTN Financial, talks about the outlook for the U.S. economy.
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Consumer confidence slumped last week to the second-lowest level on record as Americans grew more concerned with their financial situation and the buying climate worsened.
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Service industries in the U.S. probably grew at a faster pace in October, indicating the biggest part of the economy is holding up, economists said before a report today.
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Retail sales in the U.S. climbed in July by the most in four months, showing consumers were holding up at the start of the third quarter.
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The number of first-time claims for unemployment insurance payments jumped in the first week of 2011 to the highest level since October as more Americans lined up to file following the holidays.
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Service industries unexpectedly expanded at a faster pace in August, easing concern the biggest part of the U.S. economy was slumping.
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The U.S. lost more jobs than forecast in September as local governments fired educators and other workers to make up for declining tax revenue.
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U.S. consumer confidence last week held close to the highest level in almost three years as more Americans said their finances were in good shape.
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Prices of goods imported into the U.S. rose in July, led by gains in costs of fuel, industrial supplies and clothing.
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