While you were sleeping Sluggish data welcomed

While you were sleeping Sluggish data welcomed
By Margreet Dietz May 31 (BusinessDesk) - US economic data falling short of expectations bolstered hope that the Federal Reserve might see the need to support the world's largest economy a little longer than it has recently hinted. The economy grew at a 2.4 percent annualised rate in the first quarter, according to the Commerce Department. That was down from an earlier estimate of a 2.5 percent pace of expansion in the period. Government spending tumbled at a 4.9 percent annual rate in the first three months of the year, while consumer spendi...