(Reuters) - In a separate report, a Reuters/University of Michigan survey showed consumer sentiment improved slightly in June from earlier in the month as gasoline prices ebbed. Even so, the final June reading was the lowest since last August.
Taken together, the reports suggested the Federal Reserve was succeeding in controlling price pressures while fostering moderate economic growth. They came a day after Fed policy-makers said they were leaving the benchmark interest rate at 5.25 percent, where it has stood for the past year.
Read more at Reuters.com Economic News
Taken together, the reports suggested the Federal Reserve was succeeding in controlling price pressures while fostering moderate economic growth. They came a day after Fed policy-makers said they were leaving the benchmark interest rate at 5.25 percent, where it has stood for the past year.
Read more at Reuters.com Economic News
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