Core business spending on equipment had another month of volatility, with orders falling by a sizable 0.7% in June. … READ MORE >
Jobless claims decline, but the recovery is still uneven
Initial claims fell to 217,000 for the week ending July 18, down from 221,000 in the prior week. The pre-pandemic average was 218,000.. … READ MORE >
American consumers remain resilient in June as layoffs cool
American consumers finished the quarter on a much stronger note with a rebound in spending at retail stores after two disappointing months. … READ MORE >
Impact of tariffs appears in producer inflation despite weak toplines
The cost of goods in the producer price index rose at the quickest pace since February, by 0.3% on the month, as tariffs began to make their way into the broader economy. … READ MORE >
Continuing claims reach post-pandemic high
Jobless claims data now points to rising labor market slack, as business conditions grow increasingly uncertain amid shifting trade, fiscal, and monetary policies. … READ MORE >
Global central bank outlook: Divergent paths on rates
Divergence figures to be the primary theme in global central banking during the final six months of the year as policymakers around the world adjust to higher American tariffs. … READ MORE >
Tariffs weigh on manufacturing but not services yet
Manufacturing sentiment contracted for the fourth month in a row with tariffs being the primary concern among businesses. … READ MORE >
Mixed economic data points to bumpy road ahead
Looking forward, expect more volatility in June from geopolitical tensions and in July when the tariff pause expires. … READ MORE >
Retail sales send mixed signals amid trade uncertainty
Retail sales in May offered a muddled picture of consumer behavior, suggesting that while American households remain in decent shape, their appetite for spending is showing signs of fatigue. … READ MORE >
Market Minute: Inventory cushion may be holding down inflation
Even as some goods showed early signs of tariff-induced inflation, businesses have for the most part managed to absorb the cost of the new trade taxes. … READ MORE >