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Today — 22 December 2024Main stream

Party City Stores to Close by February, Company Says

✇NYT | Top Stories
By: Aimee Ortiz， Melina Delkic and Hank Sanders
22 December 2024 at 00:53
In an internal letter, the company said inflation and changes in consumer spending had forced it to shut its more than 700 stores.

© Frankie Alduino for The New York Times

Party City announced that it was shutting all of its stores, a process that would last through February.
Before yesterdayMain stream

PCE Inflation, the Fed’s Preferred Measure, Sped Up in November

✇NYT | Top Stories
By: Jeanna Smialek
20 December 2024 at 21:40
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.

© Audra Melton for The New York Times

Consumers have been spending at a solid clip in recent months.

Where Does a ‘Remarkable’ U.S. Economy Go From Here?

✇NYT | Top Stories
By: Jeanna Smialek and Ana Swanson
19 December 2024 at 18:03
America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect.

© Jacquelyn Martin/Associated Press

Jerome H. Powell, the Federal Reserve chair, on Wednesday. “It’s very premature to try to make any kind of conclusion” about policies in the next administration, he said.
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