Most economists expect a continued slowdown in Q1
U.S. personal consumption expenditures up 0.1% in November from October
The result was unexpectedly strong amid inflation and rising interest rates
The monthly increase in consumer prices is the smallest since November 2021
Some U.S. central bank officials encouraged by falling commodity prices, unclogging supply chain
The prospect of slower interest rate hikes sent U.S. markets soaring
Jerome Powell has expressed hope that inflationary pressure can be relieved by employers cutting job openings, not jobs
Stronger exports and consumer spending helped restore GDP
Meeting minutes reveal concern about U.S. economy's vulnerabilities
Hiring slowed but unemployment dropped to 3.5%