The Monday Mix: May 1 – 7, 2023

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Top-of-mind economic news as we start the week:

The U.S. economy added 253,000 jobs in April, beating expectations even as the pace of economic growth slows.

The Federal Reserve increased its key interest rate by 25 basis point to above 5%; signaled this could be the last rate hike.

The European Central Bank increased its key interest rate by 25 basis points to 3.25%; indicated more increases to come.

43 US Senate Republicans vowed to oppose increasing the federal debt limit without cuts in spending, as debt ceiling debate enters critical month.

180 large investors with $10 trillion in assets under management called on large retailers to do more to reduce use of plastics, including Costco, Target, P&G, Unilever, Coca-Cola.

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