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The Federal Reserve has projected just one interest rate cut this year. The latest round of monthly data has some economists worried it won't come soon enough.
On Tuesday, retail sales data for May revealed that the pace of consumer spending is cooling down from last year, easing concerns about an economy running too hot in the fight against inflation. In the labor market, while last month's job additions came in higher than expected, the unemployment rate hit 4%, its highest level since Januar...
>>> Read more: Why the Fed might need to 'get on with it' and cut rates
On Tuesday, retail sales data for May revealed that the pace of consumer spending is cooling down from last year, easing concerns about an economy running too hot in the fight against inflation. In the labor market, while last month's job additions came in higher than expected, the unemployment rate hit 4%, its highest level since Januar...
>>> Read more: Why the Fed might need to 'get on with it' and cut rates
