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"Fed officials will view today's report as showing some cooling in consumer spending, which points to less inflationary pressure. Our view of the U.S. economy is not as optimistic."

The firm's slumping stock price jumps 36% after management announces bitcoin will be their primary treasury reserve asset.

The Conference Board's gauge of current consumer sentiment increased to 102 in May, from an upwardly revised 97.5 in April.

"The odds of us raising rates are quite low, but I don't want to take anything off the table."

BlackRock's LifePath Paycheck offering gives participants in defined-contribution plans access to guaranteed income through a target-date fund.

"I still don't see the data that's compelling to see we're going to cut rates here."