Inflation-adjusted spending was little changed in May and has essentially stalled since February, setting up the economy for a substantial slowdown.

Economists now expect the federal funds rate to peak at 5.25%, vs. the 5% they expected just last month.

Some analysts attribute the shockingly strong jobs numbers to government adjustments of the raw data. Others believe the labor market is actually still shockingly strong.

U.S. inflation data suggests price pressures have peaked, giving financial markets hope that the Federal Reserve's interest-rate hikes will soon pause.

The stronger-than-expected retail sales data may heighten the risk of a downturn if it's met by even more punishing interest rates.

Price pressures are still torrid, despite slight cooling vs. March numbers.

Inflation and Russia's war on Ukraine lead to fears around the world of weakening growth or even recession.

Former Indian central bank governor worries that a Fed-issued cryptocurrency might undermine the monetary sovereignty of poorer nations.