US Inflation Dips While Rate Hikes Stay; Apple Risks China Links
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Inflation in the US declined in October 2022 for the first time in 4 months, to 3.2% year-over-year. This was slightly below the expected 3.3%.
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Economists predict the Federal Reserve will avoid interest rate cuts until at least July 2024, wanting to see more consistent inflation improvements.
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The 25 states are ranked by highest total inflation costs since January 2021, with Wyoming having the 5th highest at 16.5% increase and $871 in extra costs.
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Apple has risks related to China dependence for iPhone growth and supply chain, with relatively low EPS growth, high valuation.
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The top industries in low unemployment states like North Dakota (1.9%) are finance, insurance and real estate.