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Here's where the economy stands as the Fed makes its interest rate decision this week

Here's where the economy stands as the Fed makes its interest rate decision this week
Monthly job growth surprised economists who expected thousands fewer jobs. Here's how that could impact the Fed's interest rate decision this week.

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The U.S. economy is in the spotlight as the Federal Reserve prepares to make its interest rate decision this week. The healthy job market has been making headlines, with employers adding 272,000 new jobs in May, surpassing economists' predictions. However, the unemployment rate edged up to 4%, raising questions about the direction of the economy. The Fed is unlikely to cut rates, according to the CME FedWatch Tool. Other economic indicators, such as GDP growth, inflation, consumer spending, and mortgage rates, are also being closely monitored. Concerns about a recession have eased, and the stock market has seen significant gains. The Fed's decision is eagerly awaited by investors.

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