Consumer spending rose modestly in January as clothing store sales fell by the most since 2009

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Sales at clothing stores declined by the most since 2009 in January, which could raise concerns about the economy’s ability to continue expanding at a moderate pace.

32% of American workers have medical debt—and over half have defaulted on it

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Almost a third of working Americans currently have some kind of outstanding medical debt, with about 28% owing $10,000 or more on their bills, according to a new survey from Salary Finance.

First-quarter US GDP may be as low as 1.2% due to coronavirus, but stocks don’t seem to care

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First-quarter US GDP may be as low as 1.2% due to coronavirus, but stocks don’t seem to care


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A CNBC survey of 11 forecasters over the weekend finds first quarter GDP estimates averaging just 1.2%, down nearly a point from the fourth quarter.

Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit to China and the world

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Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit to China and the world


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In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears “resilient” to global headwinds.

Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’

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Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’


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San Francisco Fed President Mary Daly said she believes last year’s rate cuts put the U.S. economy in a strong position to deal with external headwinds.