The Fed lowered its interest rate target even as the labor market continued to create jobs.
Hiring Held Steady, The FOMC Did Not: July 29 – August 2
Solid Consumer Spending, Inflation Under Target: June 24 – 28
Consumer spending held firm in May.
Hiring and Consumer Spending Bloomed This Spring: April 29 – May 3
The labor market continued to create jobs in April.
