- Consumer inflation data for April was slightly better than expected after coming in higher for 3 consecutive months, a good sign for rates.
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- Retail sales were unexpectedly flat in April, down from last month's 0.6% increase, an indicator that consumer spending may be losing momentum.
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- Jobless claims were slightly lower last week, but continuing claims — the number of people receiving benefits — rose to 1.79 million.
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