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Market Friction: Misleading Inflation Data, Antitrust Attrition, and Amazon's AI Ghost
The economic landscape is shifting as 'sticky' service inflation and data gaps from the October shutdown suggest a return to 3% inflation is imminent. Meanwhile, the firing of the DOJ's top antitrust enforcer reveals a victory for corporate interests over populist regulation, and Amazon faces a valuation crisis by hiding its multi-billion dollar stake in the world's hottest AI startup.