Economy
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US labor market added 175K jobs in April, show signs of cooling
Wall Street economists expected non-farm payrolls to increase by 240,000 and the jobless rate to remain at 3.8%
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Fed's key inflation measure shows prices increased 2.7% last month, compared to March 2023
The U.S. government defines the Personal Consumption Expenditures Price Index as a "measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services."
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U.S. GDP grew at 1.6% annual rate in Q1, falling short of expectations
Some analysts suggested that the data could put off the prospect of an interest rate cut from the Federal Reserve.