It was the seventh straight year-over-year slowdown but inflation remains far above the Fed's 2% target
Housing market turmoil, deeper U.S recession pose threats too
Most economists expect a continued slowdown in Q1
Auto, gas, department store sales down
The department says City National avoided underwriting mortgages in majority Black and Latino neighborhoods
Prices down 0.1% month over month as cost of gas, used autos decline
As inflation eases, optimism rises
A tentative trial date of Oct. 2 has been set
A jump in layoffs and unemployment claims would be an early sign of recession
The result was unexpectedly strong amid inflation and rising interest rates