U.S.: It's Too Early To Call The Soft Landing A Success

Are consumers really cutting back--or was the spring slowdown a blip?

When deciding whether the Federal Reserve is finished hiking interest rates this year, keep two words in mind: tentative and preliminary. Those were the Fed's own adjectives when describing the recent signs of slower growth. Until the central bank is convinced that the slowdown is definite and sustainable, policymakers will keep their fingers on the trigger.

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