• U.S. economic activity continued to expand from early April through mid-May but firms grew more downbeat about the future amid weakening consumer demand while inflation continued to increase at a modest pace, a U.S. Federal Reserve survey showed on Wednesday, as central bankers mull how long they will need to keep interest rates at current levels.
• The U.S. central bank’s latest temperature check on the health of the economy also showed that the jobs market continues to gradually cool back down toward more normalized levels.

https://www.reuters.com/markets/us/us-firms-grow-more-pessimistic-economic-outlook-fed-survey-shows-…