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U.S. consumer confidence slipped to a six-month low in May as Americans' assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support economic growth this quarter.

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WASHINGTON (Reuters) - U.S. consumer confidence slipped to a six-month low in May as Americans' assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support economic growth this quarter. | May. 30

This increases the chances that the US Federal Reserve would hike rates in June

Some economists say US labor market resilience raises the risk that the Federal Reserve could raise interest rates again in June

By Lucia Mutikani

WASHINGTON — U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked…

WASHINGTON — The number of Americans filing new claims for unemployment benefits increased moderately last week and data for the prior two weeks was revised…

By Lucia Mutikani

The recent US economic data suggest that the Federal Reserve's efforts to fight inflation may be working.