Stay updated with breaking news from Christopher Rupkey. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/4EYZETGPRJOWVBFXI5AX6XKKQ4.jpg)
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.
Taylorvilledailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taylorvilledailynews.com Daily Mail and Mail on Sunday newspapers.
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