The summer has not been sizzling (so far) for retailers while inflation takes June off for vacation.
Hiring Picks Up, Trade Deficit Narrows: July 3 – 7
The labor market rebounded in June with accelerated hiring in health/social assistance and leisure/hospitality.
Consumer Spending Pauses, Expectations Ease: June 26 – 30.
Growth in consumer spending moderated during May as had consumer sentiment in June.
