Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a press conference following the Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S. (Photographer: Anna Moneymaker/Bloomberg)
Fed Cut Looks a Bit Less Urgent With Pickup at Stores, Factories
(Bloomberg) -- U.S. stores and factories reported a pickup in activity last month, suggesting the economy is humming along without an urgent need for the Federal Reserve to cut interest rates.