Based on Bpaynews, the U.S. dollar weakened as Thanksgiving dinner costs fell about 5% year-over-year, easing inflation concerns. The Federal Reserve’s Beige Book highlighted a K-shaped spending pattern, with high-income households continuing to invest in AI and equities, while lower- and middle-income consumers cut back. Lam Research surged 114.8% year-to-date, driven by AI-related demand, while Solana-linked ETFs recorded their first net outflow of about $8.1 million.
U.S. Thanksgiving Spending and Beige Book Signal Mixed Inflation Outlook
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