The Fed’s preferred inflation measures cooled in May.
Consumer Spending Increases in May: June 24 – 28
Slowdown in Sales: June 17 – 21
Retail and home sales both were soft in May.
Inflation Moderates, But the Fed Does Not Move: June 10 – 14
The Federal Reserve remained in a holding pattern.
What We Learned About the U.S. Economy Last Week 