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Wells Fargo CEO Predicts Economic Downturn for US Economy -
Key Inflation Measure Hit 40-Year-High; Consumer Spending Rises Sharply -
Price Gauge Used by the Fed Shows Inflation Increase of 6.4 Percent, the Highest in 40 Years -
10-Year US Treasury Rates Yields Hit 2% For First Time Since 2019 -
Inflation, Supply Crunch, Omicron Push US Growth Forecasts Down -
Christmas Trees Will Cost Up To 30 Percent More This Year -
The United States Has an Inflation Problem