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Economic Surprise IndexYahoo Finance
•88% Informative
Retail sales data for May revealed that the pace of consumer spending is cooling down from last year .
The unemployment rate hit 4% , its highest level since January 2022 .
The Federal Reserve has projected just one interest rate cut this year .
With inflation falling and the economy slowing, it's time for the " Fed to get on with it" and begin cutting interest rates soon.
El-Erian argued that the balance of risks for the Fed if it waits until the end of the year to cut "is in favor of them being too late and the economy slowing more than it should." Josh Schafer is a reporter for Yahoo Finance . Follow him on X @_joshschafer..
VR Score
93
Informative language
94
Neutral language
79
Article tone
formal
Language
English
Language complexity
47
Offensive language
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
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