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  • U.S. inflation slowed for sixth straight month in December. The consumer-price index rose 6.5% last month from a year earlier, down from 7.1% in November and well below a 9.1% peak in June. Core CPI climbed 5.7% in December from a year earlier, easing from a 6% gain in November. Many economists see increases in core CPI as a better signal of future inflation* than the overall CPI. Core prices increased at a 3.1% annualized rate.
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  • Goldman Sachs lost $3 billion on consumer lending push. Goldman on Friday disclosed that its Platform Solutions unit lost $1.2 billion in the nine months that ended* in September 2022. It lost slightly more than $1 billion in 2021 and $783 million in 2020, after accounting for operating expenses and money set aside to cover possible losses on loans.

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