US economic activity is still on track to slow after strong growth in the third quarter, but recession risk remains low, based on a set of nowcasts compiled by CapitalSpectator.com.

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* Six rate cuts expected for 2024, predicts Morningstar economist
* China industrial output and retail sales rose in November, but…
* China economic activity still appears to be slowing
* Eurozone business activity contracts at faster rate in December
* AI is threat to financial system, US regulators warn
* US jobless claims drop to 8-week low, suggesting labor market remains strong
* US retail sales rebound in November, beating expectations:

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