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Economy can pull off soft landing as consumer spending cools in ‘fairly orderly fashion,’ says LPL Financial’s Jeffrey Roach

Economy can pull off soft landing as consumer spending cools in ‘fairly orderly fashion,’ says LPL Financial’s Jeffrey Roach
U.S. retail sales rose only slightly in May based on new data released Tuesday, keeping a soft landing for the economy in sight, according to LPL Financial’s Jeffrey Roach. “Consumer spending is cooling in a fairly orderly fashion,” Roach, chief economist at LPL, said in emailed comments Tuesday. “

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Retail Sales in the U.S. saw a slight increase in May, according to new data released on Tuesday. This data suggests that the economy may be headed for a soft landing, as stated by Jeffrey Roach, chief economist at LPL Financial. Roach mentioned that consumer spending is cooling in an orderly fashion, and if the Federal Reserve is quick to adjust policy as conditions change, the economy could successfully achieve a soft landing. This news comes amidst concerns about inflation and high interest rates affecting retail sales in the U.S.

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