The data don't support a pending U.S. Federal Reserve rate cut
Trump’s allies have warned about tariffs harming the U.S. economy
Economists were predicting a slight uptick for the sector
Oil prices, a lack of foreign investment and trade woes have contributed to declines
Personal income growth increased by 0.5%
Exports had their first quarterly decrease since 2017
Amid trade wars and geopolitical tension, global fundamentals are strong and recent market losses are not alarming
Growth expected to be slower in Q2
Sales at gas stations increased by 6%
The unemployment rate fell to 3.6% from 3.8%