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 Less Urgent After Pickups 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.

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