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Evidence continues to build that the pace of economic growth is slowing, with the labor market showing some cracks. Consumer confidence has slipped a bit.
Evidence is building that the pace of growth in the U.S. economy is slowing. The labor market shows some cracks while the manufacturing and service sectors appear to be in contraction territory.
The U.S. economy remains on a solid growth path, but consumer spending went flat in April, suggesting the spending momentum is waning.
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