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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.
The U.S. economy remains on a solid growth path. The initial first quarter GDP estimate was 1.6%, but follow-up estimates may increase that reading.
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